I-Cable Communications' Unit to Sell Asia Pacific IP Addresses to MongoDB for $2 Million

MT NewswiresDec 17 17:00

I-CABLE COMM announced the sale of subsidiary number resources.

I-CABLE COMM (01097) announced that on December 16, 2024, an indirect wholly-owned subsidiary will enter into an IPv4 purchase agreement with the buyer and the custodial agent, under which I-CABLE COMM will sell and the buyer will purchase number resources for a total price of 2.0972 million USD (approximately 16.358 million HKD). The group has IP address inventory for use in its daily operations. Some of these IP addresses have been inactive for a period of time. Through this sale, the group has the opportunity to monetize its unused number resources, and the proceeds can be used as general working capital for the group.

Sina Hong Kong StocksDec 17 08:07

I-CABLE COMM (01097) subsidiary sells number resources.

I-CABLE COMM (01097) announced that on December 16, 2024, the company's indirectly wholly-owned subsidiary has ...

Zhitong FinanceDec 16 22:35

i-cable comm (01097.HK) realized profits of 13.65 million yuan from the sale of Guangzhou customer service center property.

i-cable comm (01097.HK) announced the sale of a commercial property located in Yuexiu District, Guangzhou, currently used as the group's in-house telephone customer service center, to an independent third party Guangzhou Zhiyuan Management for 21.3 million RMB. The estimated sales proceeds are approximately 13.65 million Hong Kong dollars.

AASTOCKSNov 6 04:18

i-cable comm (01097.HK) plans to sell properties in Guangzhou for 21.3 million yuan.

Grace 11th, i-cable comm (01097.HK) announced that on November 5, 2024, the seller (an indirect wholly-owned subsidiary of the company) entered into the agreement with the buyer; whereby the seller agreed to sell and the buyer agreed to purchase the property for a total price of RMB 21.3 million. The property is a commercial property located in Yuexiu District, Guangzhou, China, with a total construction area of ​​approximately 2,366 square meters. The group currently uses the property as its own telephone customer service center. After completion, the group will no longer have any equity in the property. The operational scale of the telephone customer service center is limited, and the utilization rate of the property has always been low. The directors believe

Gelonghui FinanceNov 5 20:25

Roland Berger: The growth of the entertainment and media industry in Hong Kong is expected to slow to 2.3% this year, with the OTT market becoming popular while print media fades.

PwC's "Global Entertainment and Media Outlook 2024-2028" predicts that the revenue of the entertainment and media industry in Hong Kong increased by 4.5% last year, with the market size expected to slow to 2.3% in 2024, reaching $12.87 billion. The compound annual growth rate from 2024 to 2028 is projected at 2.06%, with revenue expected to reach $14 billion in 2028. In the OTT market, Hong Kong has experienced rapid growth in the past two years, reaching $0.371 billion in 2023. It is expected that this market will continue to expand at a compound annual growth rate of 5.7% and reach $0.491 billion by 2028.

AASTOCKSOct 31 15:21