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An announcement from Phoenix Media Investment (Holdings) ( (HK:2008) ) is now available.
Phoenix Media Investment (Holdings) Limited has entered into a new agreement with CNHK Media, an advertising agent for CMCC Group, to sell advertising airtime on its TV channels and media platforms for the period from May 16, 2025, to December 31, 2026. The contract, valued at up to RMB30,000,000, is considered a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval. This agreement signifies the continuation of a previous contract, emphasizing the company’s ongoing relationship with CMCC Group and its strategic positioning in the media advertising market.
More about Phoenix Media Investment (Holdings)
Phoenix Media Investment (Holdings) Limited operates in the media industry, focusing on television channels and media platforms. The company primarily deals with the sale of advertising airtime, catering to various clients seeking to promote their brands through its media outlets.
Average Trading Volume: 278,818
Technical Sentiment Signal: Sell
Current Market Cap: HK$544.3M
Find detailed analytics on 2008 stock on TipRanks’ Stock Analysis page.