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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (4447)	1/10/2001 2:27:46 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 4541

PCCW Gets Leading Bank as Guarantor for Cyberport Project Jan 10, 2001 - 13:27:15 HKT Quamnet News Service Pacific Century CyberWorks Ltd. (0008), Richard Li's Internet and telecoms company, has appointed a leading bank as guarantor for its development of Cyberport, said Annie Tam, deputy secretary in the Hong Kong government's Information Technology and Broadcasting Bureau. Tam did not identify the bank. The guarantee period lasts for six months. PCCW has pledged to complete the Cyberport project through its own financing, said Tam. She added that PCCW hasn't proposed any financing arrangement so far. It is expected that first phase construction work of the Cyberport can be completed by the end of this year and a grace period of three months will be given, said Tam. Deadlines for the second and third phase work are December 2002 and December 2003. Cyberport, located at Telegraph Bay in Western district, aims to create a strategic cluster of information technology and services companies in Hong Kong. At midday, PCCW shares were down 0.5 percent at HK$4.90. quamnet.com