PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (97)	1/16/2001 11:40:45 PM
From: ms.smartest.person	of 2248

Hikari Tsushin to Take 3 Bln Yen Charge on Investment Losses quote.bloomberg.com By Masumi Suga with reporting by Thomas Lau Tokyo, Jan. 16 (Bloomberg) -- Hikari Tsushin Inc. said it will take a second-half one-time charge of 3 billion yen ($25.4 million) on investment losses in six companies for the year through next month. The mobile phone subscription and Internet investment company said it will transfer its stakes in the six Internet- related companies to Hikari Tsushin International Ltd., its vehicle for Asian investment outside Japan. Shares of the investment unit were earlier suspended from trading in Hong Kong, pending a statement on a transaction that may affect the price of the stock. Hikari Tsushin International, formerly Golden Power International Holdings Ltd., a maker of batteries, electronics and silicon rubber products, was bought by Hikari Tsushin Inc. and Pacific Century CyberWorks Ltd. for HK$839 million ($108.1 million). Hikari Tsushin owns a 51 percent stake in the company.

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