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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (924)	4/2/2001 4:50:02 AM
From: ms.smartest.person	Read Replies (1) of 2248

DJ MARKET TALK/HK: C&W To Unload 14.7% Stake - Source 14:20, 2001-04-02 1304 [Dow Jones] C&W PLC plans to unload 14.7% stake in PCCW (0008) via exchangeable bonds, source close to deal tells Dow Jones; doesn't provide details on terms, though some say share conversion price for such bond may be much lower than PCCW's own convertible bond in order to attract investors. No dilution effect on stock because shares underpinning bond issue are existing shares, not new issue from PCCW.(STT) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com

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