CITIC Telecom Renews Financial Services Agreements with CITIC Entities
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.
CITIC Telecom International Holdings ( (HK:1883) ) just unveiled an announcement.
CITIC Telecom International Holdings has announced the renewal of its Financial Services Framework Agreements with CITIC Bank and its subsidiaries, as well as other CITIC financial entities, for a term not exceeding three years. These agreements cover deposit, settlement, and credit services, with specific regulatory implications under Hong Kong’s Listing Rules. The deposit services are subject to reporting and approval requirements due to their scale, while the settlement and credit services are largely exempt from such requirements. An Independent Board Committee and an independent financial adviser have been appointed to guide shareholders on the deposit services.
The most recent analyst rating on (HK:1883) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on CITIC Telecom International Holdings stock, see the HK:1883 Stock Forecast page.
More about CITIC Telecom International Holdings
CITIC Telecom International Holdings is a company incorporated in Hong Kong, primarily engaged in providing telecommunications services. It operates under the umbrella of CITIC Limited, which holds a controlling interest in the company.
Average Trading Volume: 5,510,144
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.99B
For an in-depth examination of 1883 stock, go to TipRanks’ Overview page.
