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Revision History For: PCCLF- Pacific Century Group

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Return to PCCLF- Pacific Century Group

I've been hearing that Merrill Lynch brokers are pushing this stock, claiming that it is destined to be the AOL of Asia, despite the fact that it is still a Bulletin Board company.

When I decided to do my initial research tonight on exactly what and who PCCLF is, I had to admit that I was quite surprised.

PCCLF is ran by none other than Richard Li, 31, founder of Star TV (which he later sold to Rupert Murdoch's NewsCorps for some $900 million), and heir to the $9 Billion fortune of his father.

pcg-group.com
pcg-group.com
pcg-group.com
pcg-group.com

Li invested $129 million in Softnet (SOFN) back in Oct, 1999:

softnet.com

On top of that, Li appears to be using his holding company to invest in holding companies in various parts of Asia, such as Singapore:

whois.com
(hope this link continues to work)

So I would be very interested in seeing others flesh out this story for the rest of us.

I don't buy the AOL analogy, but I certainly see a comparison with CMGI (which is supposedly ALSO a major shareholder in PCCLF), and SoftBank.

One last thing... This stock is VERY DIFFICULT to get an accurate quote on. Etrade shows it, but Yahoo and SI do not reflect a quote.

Go to www.etrade.com for a delayed quote, but no bid/ask.. yet.

I can't figure out why there is no bid/ask, when Merrill is so actively discussing the stock with their customers.