Linklogis Inc. Class B (HK:9959) has released an update.
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Linklogis Inc. has announced a new Cloud Services Agreement with Tencent Cloud, which will provide cloud and technical services to the Linklogis Group in exchange for service fees. This deal is classified as a continuing connected transaction due to Tencent’s status as a substantial shareholder in Linklogis, requiring reporting and annual review but not independent shareholder approval. The agreement terms include a service period from January 1, 2025, to December 31, 2025, with fees based on a predetermined pricing mechanism and potential negotiated discounts.
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