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 (918)	4/2/2001 4:27:16 AM
From: ms.smartest.person	Read Replies (1) of 2248

DJ MARKET TALK/HK: PCRD Suspended; Co In Minus Equity 10:14, 2001-04-02 0857 [Dow Jones] PCCW's (0008) Singapore-listed parent company Pacific Century Regional Development's (P15) shares suspended today pending announcement. Company reported Friday it had slipped to negative equity after consolidating PCCW's loss in its FY00 results. Dealers also note PCRD's net loss of S$611.04 million may be biggest for listed entity in Singapore's corporate history. Dealer says PCRD presents ""peculiar problem"" for regulatory authorities as he's unaware of any other listed entity having such massive losses and going into negative equity since 1985 Pan-Electric crisis.(EYG) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com

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