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The latest announcement is out from Phoenix Media Investment (Holdings) ( (HK:2008) ).
Phoenix Media Investment (Holdings) Limited has announced the continuation of its transactions involving the sale of advertising airtime on outdoor LED panels to the CMCC Group, a connected entity. These transactions, which have been ongoing since 2015, will continue under separate written contracts with various CMCC Group members due to changes in CMCC’s internal policy. The company has secured a waiver from the Stock Exchange to comply with certain listing rules, allowing these transactions to proceed without a framework agreement for the period from July 2025 to December 2027. This development is significant for Phoenix Media’s operations as it ensures continued revenue from a major client, impacting its market positioning and stakeholder interests.
More about Phoenix Media Investment (Holdings)
Phoenix Media Investment (Holdings) Limited operates in the media industry, focusing primarily on the sale of advertising airtime on outdoor LED panels in the People’s Republic of China. The company’s market focus includes promoting connected entities such as the CMCC Group.
Average Trading Volume: 179,888
Technical Sentiment Signal: Hold
Current Market Cap: HK$704.1M
For an in-depth examination of 2008 stock, go to TipRanks’ Overview page.