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Hong Kong - China Netcom, Richard Li launch buyout offer for PCCW.
China Netcom and Pacific Century Regional Developments have offered to buy out PCCW's other shareholders at HKD 4.20 per share. The offer for the remaining 52.4 percent of the Hong Kong operator that they don't yet own is worth HKD 14.9 billion. Pacific Century Regional Developments (PCRD), which is controlled by PCCW chairman Richard Li, and China Netcom will take the company private, ending its stock listing. Following the completion of the deal, PCCW will pay a dividend of HKD 16.9-17.5 billion to the three shareholders - PCRD, …
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- China Netcom's main focus is IPO.
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Newspaper article from: The Daily Deal
May 20, 2004
700+ words
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- China Netcom, PCCW suspend talks.
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Newspaper article from: The Daily Deal
September 7, 2004
700+ words
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- PCCW may be taken private by Richard Li, China Netcom - report.
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News wire article from: Europe Intelligence Wire
October 15, 2008
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- Hong Kong - Regulator begins consultation on PCCW privatisation plan.
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Magazine article from: Telecompaper Africa/Asia
December 1, 2008
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- Hong Kong - Hong Kong market regulator investigates PCCW buyout vote.
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Magazine article from: Telecompaper Africa/Asia
February 5, 2009
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