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PCPD Sets New Three-Year Connected Transaction Frameworks with PCCW and HKT

Story Highlights
  • PCPD signed new three-year master agreements with PCCW and HKT to govern ongoing procurement of goods and services.
  • The connected transactions will follow capped, arm’s length pricing and trigger disclosure but not independent shareholder approval under listing rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PCPD Sets New Three-Year Connected Transaction Frameworks with PCCW and HKT

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An update from Pacific Century Premium Developments Limited ( (HK:0432) ) is now available.

Pacific Century Premium Developments Limited has entered into new three-year master agreements with related parties PCCW Group and HKT Group to govern the ongoing supply and procurement of goods and services in the ordinary course of its business from 1 January 2026 to 31 December 2028. Under the PCCW Group 2025 Master Agreement, the PCCW Group will provide corporate, logistics, consultancy and related services to PCPD on arm’s length terms, with pricing capped at levels no higher than published rates, median tender prices or prices charged to independent customers, and each individual transaction limited to a maximum term of three years. As PCCW is a substantial shareholder in PCPD, these arrangements constitute continuing connected transactions under Hong Kong’s Listing Rules; their size triggers reporting, announcement and annual review requirements but remains below the threshold for independent shareholders’ approval, signalling that PCPD is formalising and continuing long-standing operational relationships while remaining within the regulatory framework for connected transactions.

The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.

More about Pacific Century Premium Developments Limited

Pacific Century Premium Developments Limited (PCPD) is a Bermuda-incorporated property developer listed in Hong Kong, focusing on premium real estate projects and related services. The group conducts its operations through various subsidiaries, including PCPDOL, and routinely procures corporate, logistics, consultancy and other ancillary services to support its development and operational activities.

Average Trading Volume: 274,233

Technical Sentiment Signal: Sell

Current Market Cap: HK$397.5M

For detailed information about 0432 stock, go to TipRanks’ Stock Analysis page.

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