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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: If only I'd held who wrote (79360)2/25/2000 7:37:00 PM
From: SKARLOEY   of 108040
 
Hong Kong's telecom shares rally

U.S. shares of Cable & Wireless HKT
Hong Kong's telecommunication shares rallied amid widespread expectation that Pacific Century Cyberworks is close to announce its merger bid plan for Cable & Wireless HKT.

-- Pacific Century Cyberworks (PCCLF: news, msgs) requested the trading suspension in its shares soon after the market opened saying it would make a statement in relation to its merger proposal with Cable & Wireless HKT. Shares of PCCW was up 4.6 percent to 22.15 Hong Kong dollars before the suspension.
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