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 (453)	2/25/2001 10:24:57 PM
From: ms.smartest.person	Read Replies (1) of 2248

PCCW May Sell Quarry Bay Tower's Leasehold Interest: MP Feb 26, 2001 - 10:45:51 HKT Quamnet News Service Pacific Century CyberWorks (0008) may sell the 40-year leasehold interest of its Hong Kong Telecom Tower, which is estimated to be worth HK$3 billion, the Ming Pao Daily News reported, without naming sources. PCCW took on the lease of the 600,000 sq. ft. building at Quarry Bay in 1992 from Swire Property. The lease lasts for 40 years, according to the paper. Interested buyers include Swire Pacific (0019), other property developers and funds companies, sources said. However, Swire spokesman said it hasn't negotiated with PCCW on the purchase of the leasehold interest. PCCW also denied the disposal claim, according to the paper. quamnet.com

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