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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: ms.smartest.person who wrote (4096)12/11/2000 12:06:20 AM
From: ms.smartest.person  Read Replies (1) of 4541
 
09:19 11-DEC-2000 PCCW (0008-HK) reported spinning off iLink.net in Jan

Pacific Century CyberWorks (PCCW) is planning to spin off its Internet data centre - iLink.net ¡V for a separate listing on the Growth Enterprise Market next month, according to the Oriental Daily, citing market sources.

iLink.net will initially issue 10 pct in new shares to raise $200 million to $400 million.

iLink.net is estimated to be around $2 billion-$4 billion.

As a result, PCCW will possibly gain $160 million from the spin-off.

(End)

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