Chanjet Renews Connected Transaction Framework for Data Services with Unicredit
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Chanjet Information Technology Co., Ltd. has renewed its data services agreement with Unicredit, signing a three-year framework from January 1, 2026, to December 31, 2028. This continuing connected transaction, due to Chanjet's 30% equity interest in Unicredit, falls under Hong Kong Listing Rules but is exempt from independent shareholders' approval. The deal indicates a modest revenue stream for Chanjet. The latest analyst rating for Chanjet's stock (HK:1588) is a Hold with a price target of HK$9.50, and the company has a market cap of HK$2.44B.
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