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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: ms.smartest.person who wrote (4480)1/15/2001 10:13:18 PM
From: ms.smartest.person  Read Replies (1) of 4541
 
Don's PCCW stake shrinks



CITY University President Chang Hsin-kang's $719,000 investment in PCCW stock is worth only $294,000 after another slump yesterday.

According to the Hong Kong Stock Exchange, Professor Chang, who is also a PCCW board member, bought 10,000 shares at $20.50 in March last year, a further 20,000 shares in May at $14.20, and finally 40,000 more at $5.75 in November.

PCCW closed at $4.20 yesterday, which means Professor Chang has lost almost 60 per cent of his investment, worth around $425,000.

16 January 2001 / 02:17 AM

hk-imail.singtao.com
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