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The latest update is out from HKBN ( (HK:1310) ).
HKBN has entered into a Distribution Framework Agreement with Venustech under which HKBN will act as distributor of Venustech’s network security products and solutions in Hong Kong and Macao until 31 December 2028, including exclusive distribution rights for Venus Firewall products in these markets for the first year. As Venustech is a subsidiary of HKBN’s controlling shareholder China Mobile Communications, the arrangement is treated as a continuing connected transaction under Hong Kong listing rules, but given the modest transaction size it is subject only to reporting, annual review and announcement requirements, with no need for a shareholder circular or independent shareholders’ approval, suggesting limited regulatory burden while expanding HKBN’s cybersecurity product portfolio.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$6.00 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 broadband, enterprise solutions and related ICT services, with a focus on serving customers in Hong Kong and Macao through both direct offerings and distribution partnerships.
YTD Price Performance: 9.76%
Average Trading Volume: 7,679,090
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.98B
For an in-depth examination of 1310 stock, go to TipRanks’ Overview page.