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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1973)10/4/2001 10:51:31 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
AdSociety closed fr today, >100 employees affected
2001/10/03 18:59

(Infocast News) AdSociety, a subsidiary company 79% owned by PCCW (0008), announces that it will cease operations from today.

The company commenced business in August 2000. The closure will affect over 100 employees in Hong Kong, Australia, China, Japan, Korea, Singapore and Taiwan. It said it was necessary to make this decision in the best interests of shareholders, to help meet PCCW's goals and to ensure PCCW's competitiveness.

infocastfn.com
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