China Telecom (HK:0728) has released an update.
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China Telecom is set to increase its stake in Quantumctek Co., Ltd. to approximately 21.86% following adjustments to their share subscription agreement, with the transaction pending regulatory approval. As a result, Quantumctek will become an indirect subsidiary of China Telecom, enhancing its financial consolidation. Investors are advised to proceed with caution regarding the company’s securities.
For further insights into HK:0728 stock, check out TipRanks’ Stock Analysis page.
