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 (442)	2/25/2001 8:03:55 AM
From: ms.smartest.person	of 2248

Cheung: PCCW still in debts, so offer shr for HWL asset 2001-02-23 13:24 (Infocast News) Pacific Century CyberWorks (0008) (PCCW) Vice-president Linus Cheung noted that the purchase in PCCW by Hutchison (0013) (HWL) is not an investment, but a business deal. And after the deal can boost PCCW's development in Asian markets. He also noted that PCCW at present still in debts, and thus prefered to retain cash. The transaction is with reasonable conditions. HWL is also confident to the shares of PCCW and can sell off the shares after twelve months. He reiterated that this is purely commercial deal between a vendor who disposes of non-core businesses to a buyer. infocastfn.com

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