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Kingsoft ( (HK:3888) ) just unveiled an announcement.
Kingsoft has entered into a six-year connected lease transaction with Beijing Duokan, an affiliated entity of Xiaomi, under which Beijing Duokan will lease office premises and 184 parking spaces in Xiaomi Science and Technology Park in Beijing to Kingsoft group entities from 1 January 2026 to 31 December 2031. The arrangement, carrying an aggregate consideration of about RMB256.17 million to be recognised as right-of-use assets under IFRS 16, supports Kingsoft’s operational needs while triggering reporting and announcement obligations as a connected transaction under Hong Kong listing rules, although it is exempt from independent shareholders’ approval; director and substantial shareholder Jun Lei abstained from voting due to his interest in Xiaomi, underscoring governance measures around related-party dealings.
The most recent analyst rating on (HK:3888) stock is a Hold with a HK$30.00 price target. To see the full list of analyst forecasts on Kingsoft stock, see the HK:3888 Stock Forecast page.
More about Kingsoft
Kingsoft Corporation Limited is a Hong Kong-listed software company that develops and operates office productivity tools, cloud services and internet applications, with a focus on the Chinese and broader Asian technology markets. The company maintains close strategic ties with major Chinese tech players, including Xiaomi, reflecting its integration within China’s wider digital ecosystem.
Average Trading Volume: 14,917,411
Technical Sentiment Signal: Hold
Current Market Cap: HK$39.68B
Learn more about 3888 stock on TipRanks’ Stock Analysis page.