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PCCW Limited ( (HK:0008) ) has provided an announcement.
PCCW Limited and its affiliate HKT Limited, through HKT Trust, oversee a passive network business that supplies copper and fibre access connectivity and manages the underlying infrastructure in Hong Kong and the Greater Bay Area. This business, held in an indirect subsidiary referred to as the Target, provides essential network access services that underpin regional telecommunications.
The group has received a new offer from CM Silk Road Capital Management Limited, a company controlled by China Merchants Capital, to acquire an additional 9% equity interest in the Target along with 9% of certain shareholder receivables. The parties are still finalising terms, and the deal may not proceed, but if completed it would deepen CM Capital’s stake in the passive network business and could signal further capital recycling and strategic partnership for PCCW and HKT in their infrastructure assets.
The most recent analyst rating on (HK:0008) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on PCCW Limited stock, see the HK:0008 Stock Forecast page.
More about PCCW Limited
PCCW Limited is a Hong Kong-based telecommunications and media group with interests spanning fixed-line, broadband, and related network services through its association with HKT Trust and HKT Limited. The HKT Group, via an indirect subsidiary known as the Target, focuses on passive network infrastructure, supplying copper and fibre connection access services and operating, maintaining, and extending these networks in Hong Kong and the Greater Bay Area.
Average Trading Volume: 8,018,257
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.76B
For detailed information about 0008 stock, go to TipRanks’ Stock Analysis page.