HKT Receives Offer for Additional Stake Sale in Passive Network Subsidiary

HKT and HKT ( (HK:6823) ) has provided an update.

PCCW, HKT Trust and HKT Limited announced that HKT has received an offer from CM Silk Road Capital Management Limited, a company controlled by China Merchants Capital Holdings, to acquire an additional 9% equity interest in an HKT indirect subsidiary engaged in passive network business, along with 9% of certain shareholder receivables. This potential follow-on investment, which comes after CM Capital’s earlier purchase of a 40% stake in the same entity, could deepen the strategic partnership around Hong Kong and Greater Bay Area fibre and copper infrastructure, although the parties cautioned that the transaction is not yet finalised and may or may not proceed, advising investors to trade the securities of PCCW, HKT and HKT Trust with care pending further announcements.

The most recent analyst rating on (HK:6823) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on HKT and HKT stock, see the HK:6823 Stock Forecast page.

More about HKT and HKT

PCCW Limited is a Hong Kong-based telecommunications and media group, while HKT Trust and HKT Limited operate integrated telecoms networks and related services. Through their subsidiaries, they provide copper and fibre connection access services in Hong Kong and the Greater Bay Area, focusing on operating, maintaining and expanding passive network infrastructure for fixed-line connectivity.

YTD Price Performance: 3.13%

Average Trading Volume: 6,211,291

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$90B

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