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The latest announcement is out from Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ).
Chengdu Siwi Science and Technology Company Limited, through its subsidiary SEI Optical, has renewed its agreement with Sumitomo Electric Group for the supply of optical fibre preforms and related equipment, spare parts, and technical services. This renewal, effective from January 1, 2026, to December 31, 2026, ensures the continuation of business operations with Sumitomo Electric, a substantial shareholder and connected person under the Listing Rules. The agreement’s terms have been deemed fair and reasonable by the company’s directors and independent non-executive directors, aligning with normal commercial practices and market prices, thus exempting it from certain regulatory requirements.
The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Average Trading Volume: 113,920
Technical Sentiment Signal: Buy
Current Market Cap: HK$356M
For detailed information about 1202 stock, go to TipRanks’ Stock Analysis page.