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HKT and HKT ( (HK:6823) ) has provided an update.
PCCW, HKT Trust and HKT have entered into a new series of continuing connected transaction framework agreements with the FWD Group, covering telecommunications and related services, insurance and related services, insurance products supplied by FWD, and branding and marketing arrangements for the three financial years ending 31 December 2028. Because FWD is controlled by Richard Li, who is also chairman and a major shareholder of PCCW and executive chairman of HKT and its trustee-manager, the deals are treated as connected transactions under Hong Kong’s Listing Rules; their size triggers announcement, reporting and annual review requirements but remains below the thresholds requiring independent shareholders’ approval, indicating an extension of an established commercial relationship with limited governance impact but ongoing disclosure obligations for investors.
The most recent analyst rating on (HK:6823) stock is a Buy 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, media and technology group, while HKT Trust and HKT Limited operate Hong Kong’s leading telecoms and related services businesses, providing telecommunications, insurance-related, branding and marketing services primarily within the Hong Kong market. The groups frequently engage in framework agreements with strategic partners to supply and receive telecom, insurance and marketing services that support their core connectivity and digital service offerings.
Average Trading Volume: 6,862,358
Technical Sentiment Signal: Buy
Current Market Cap: HK$87.96B
See more insights into 6823 stock on TipRanks’ Stock Analysis page.