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HKBN ( (HK:1310) ) has issued an update.
HKBN has amended its master services agreement with majority shareholder China Mobile Hong Kong to expand the scope of HKBN data centre services, reflecting a deepening of their infrastructure collaboration. As part of this expansion, HKBN Enterprise Solutions has signed a 15-year licence agreement granting CMHK data centre services and usage rights at the Mita Data Centre, strengthening HKBN’s long-term revenue visibility in its data centre segment.
Because CMHK owns 74.84% of HKBN, the expanded data centre arrangements are classified as continuing connected transactions under Hong Kong listing rules. The existing annual caps remain unchanged, and the applicable ratios keep the deals subject only to reporting, review and announcement requirements, while the unusually long licence term has been reviewed by an independent financial adviser to confirm it aligns with normal market practice.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
More about HKBN
HKBN Ltd. is a Hong Kong-based telecommunications and network services provider that offers data centre, broadband and enterprise connectivity solutions. The company serves corporate and carrier customers, with a focus on data infrastructure services in partnership with major telecom operators such as China Mobile Hong Kong (CMHK).
YTD Price Performance: 33.50%
Average Trading Volume: 3,489,719
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.14B
Find detailed analytics on 1310 stock on TipRanks’ Stock Analysis page.