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CMMB Vision Holdings ( (HK:0471) ) has provided an update.
Silkwave Inc has signed a non-binding memorandum of understanding with Hong Kong TV International Media Group Ltd to combine its satellite transmission capabilities with HKS’s global premium media content. The collaboration aims to build satellite-connected multimedia services for vehicles, support “satellite + 5G” content offloading, and provide emergency broadcasting and public service channels.
The partners plan to jointly expand converged media platforms in overseas and ASEAN markets by leveraging Silkwave’s Belt and Road satellite network and HKS’s multi-satellite TV footprint, which covers more than 150 countries. While the agreement is only an expression of intent at this stage, the board expects the initiative to strengthen Silkwave’s regional media presence and benefit shareholders if definitive contracts are concluded.
More about CMMB Vision Holdings
Silkwave Inc is a Cayman Islands–incorporated company listed in Hong Kong that focuses on satellite communication transmission technology and connected multimedia services. The group operates a satellite data network aligned with the Belt and Road initiative and targets applications such as in-vehicle connectivity and converged media distribution across Asia and other international markets.
Average Trading Volume: 6,372,403
Technical Sentiment Signal: Hold
Current Market Cap: HK$307M
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