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An update from PCCW Limited ( (HK:0008) ) is now available.
PCCW Limited has announced a connected transaction involving the acquisition of Clermont Media Limited. The purchase, valued at HK$70 million, will make Clermont Media an indirect wholly-owned subsidiary of PCCW. This transaction, involving Chairman Mr. Li, is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement due to its percentage ratios. The acquisition price was determined through negotiations and comparisons with similar companies and is based on Clermont Media’s total revenue from 2023.
More about PCCW Limited
YTD Price Performance: 0.66%
Average Trading Volume: 5,383,273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$35.2B
Learn more about 0008 stock on TipRanks’ Stock Analysis page.
