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TravelSky Expands Data Center Capacity with New Leasing Agreement

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TravelSky Expands Data Center Capacity with New Leasing Agreement

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An announcement from TravelSky Technology ( (HK:0696) ) is now available.

TravelSky Technology has entered into a Supplemental Agreement with CTCD to lease additional data center racks at Jiaxing Data Center, reflecting its ongoing business needs. This agreement, which involves 250 racks in server room 4FM1, extends the company’s data center capacity and is classified as a continuing connected transaction under Hong Kong’s Listing Rules, though it is exempt from independent shareholders’ approval due to its size.

The most recent analyst rating on (HK:0696) stock is a Buy with a HK$14.70 price target. To see the full list of analyst forecasts on TravelSky Technology stock, see the HK:0696 Stock Forecast page.

More about TravelSky Technology

Average Trading Volume: 7,805,815

Technical Sentiment Signal: Sell

Current Market Cap: HK$32.22B

For an in-depth examination of 0696 stock, go to TipRanks’ Overview page.

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