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 (818)	3/29/2001 11:37:46 PM
From: ms.smartest.person	Read Replies (1) of 2248

PCCW Plans to Pledge Cyberport, Tokyo Office for Loans: Paper Mar 30, 2001 - 12:00:05 HKT Quamnet News Service Pacific Century CyberWorks (0008) plans to pledge its Cyberport project in Hong Kong and the Tokyo office of its parent company as security for a bank loan to finance the development of the Cyberport, Ming Pao Daily reported, citing unidentified banking sources. PCCW is expected to form a new company to hold the pledged assets, the paper said. PCCW said on Wednesday it plans to spend this year about HK$2.34 billion of the HK$15.8 billion it budgeted for the development of the Cyberport. First-phase contruction is expected to be completed early next year and revenue would begin to flow in the fourth quarter of next year. The Cyberport, located at Telegraph Bay in western Hong Kong island, aims to create a strategic cluster of information technology and services companies in Hong Kong to develop Internet-related software. Besides offices, the complex will include shops, a hotel, apartments and houses. -------------------------------------------------------------------------------- Copyright 2000 Quam(IA) Limited, All rights reserved

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