CITIC Telecom Renews Financial Services Agreements with CITIC Entities
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CITIC Telecom International Holdings (HK:1883) has renewed its Financial Services Framework Agreements with CITIC Bank and its subsidiaries for up to three years. The agreements include deposit, settlement, and credit services, with specific regulatory implications. An Independent Board Committee has been appointed to guide shareholders on deposit services. The latest analyst rating for HK:1883 is a Buy with a price target of HK$2.50. CITIC Telecom, part of CITIC Limited, focuses on telecommunications services and has a market cap of HK$8.99B.
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