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The latest announcement is out from Chenqi Technology Ltd. ( (HK:9680) ).
Chenqi Technology Ltd. has announced a revision of its existing annual caps under the Marketing Promotion Services Framework Agreement with Tencent Computer. This revision is necessary as the current caps are insufficient, prompting the company to enter into a Third Supplemental Agreement. The transactions are considered continuing connected transactions under the Listing Rules, requiring approval from independent shareholders. Tencent, being a substantial shareholder, will abstain from voting on this resolution.
The most recent analyst rating on (HK:9680) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Chenqi Technology Ltd. stock, see the HK:9680 Stock Forecast page.
More about Chenqi Technology Ltd.
Chenqi Technology Ltd. operates within the technology industry, focusing on marketing promotion services. The company is incorporated in the Cayman Islands and has a significant market relationship with Tencent, which holds a substantial share in the company.
Average Trading Volume: 100,620
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.35B
For an in-depth examination of 9680 stock, go to TipRanks’ Overview page.