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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (488)3/5/2001 10:45:16 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
Windfall for PCCW if it sells iLink stake
2001-03-01


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Pacific Century CyberWorks could reap a windfall if it sells its stake in iLink Holdings.

Should iLink sell new shares at the top of the proposed range, CyberWorks will make an unrealised eight-fold return.

CyberWorks has invested US$9 million in iLink, starting from September 1999.

iLink aims to sell 110 million shares for between HK$1.10 and HK$1.28 apiece, raising as much as US$18 million.


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