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Phoenix Media Investment (Holdings) ( (HK:2008) ) has issued an announcement.
Phoenix Media Investment (Holdings) Limited has entered into a new Framework Lease Agreement through its subsidiary, Phoenix Metropolis Communication, to lease office units and event venues in Phoenix Centre for the year 2026. This agreement, which involves a connected transaction under Hong Kong’s Listing Rules, allows the company to continue its operations without interruption and reflects its strategic approach to managing property leases efficiently. The lease terms are negotiated at market rates, ensuring compliance with regulatory requirements and maintaining operational flexibility.
The most recent analyst rating on (HK:2008) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Phoenix Media Investment (Holdings) stock, see the HK:2008 Stock Forecast page.
More about Phoenix Media Investment (Holdings)
Phoenix Media Investment (Holdings) Limited operates in the media industry, focusing on providing broadcasting and communication services. The company is involved in leasing properties for its operations, which indicates a market focus on maintaining and expanding its physical presence for business activities.
Average Trading Volume: 772,641
Technical Sentiment Signal: Buy
Current Market Cap: HK$873.9M
See more data about 2008 stock on TipRanks’ Stock Analysis page.