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TravelSky Technology ( (HK:0696) ) has shared an announcement.
TravelSky Technology has entered into a Computing Power Services Contract with CTCD, a wholly-owned subsidiary of its major shareholder CTHCL. This agreement, effective from September 1, 2025, to August 31, 2026, involves CTCD providing a private AI computing power platform and related services to TravelSky. The contract is considered a continuing connected transaction under the Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval due to its percentage ratio. This move is expected to enhance TravelSky’s operational capabilities and strengthen its market position.
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
TravelSky Technology is a company incorporated in the People’s Republic of China, operating in the technology sector with a focus on providing computing power services. It is significantly backed by CTHCL, a major shareholder holding approximately 29.55% of its issued share capital.
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.