CITIC Telecom International (HKG:1883) subsidiary CTM further extended the term of its telco concession agreement with the Macau government for one year until Sept. 30, 2025.
The parties previously extended the concession agreement period for nine months from Jan. 1 to Sept. 30.
The parties will negotiate the arrangements upon the expiry of the extension period, according to a Monday filing with the Hong Kong Exchange.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments