Pacific Century Premium Developments Limited (HK:0432) has released an update.
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Pacific Century Premium Developments Limited has entered into new agreements with Reach Networks, a subsidiary of Reach and an associate of PCCW, to provide facilities and lease management services from 2025 to 2027. These transactions, classified as continuing connected transactions, do not require independent shareholder approval due to their size. The arrangements involve a series of management and administrative fees, highlighting the company’s ongoing strategic collaborations.
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