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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (101)	1/18/2001 4:48:51 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

PCCW Says Fund Managers Contacted to Buy C&W's Shares Jan 18, 2001 - 15:02:09 HKT Quamnet News Service Richard Li, chairman of Pacific Century CyberWorks (0008), said some fund managers have been contacted to purchase the shares that will be placed by Cable & Wireless Plc, the company's second-largest shareholder, after a lock-up period expires on Feb. 17. He expressed confidence in the market response to the planned placement. According to Li, PCCW is working with C&W Plc to sell about half of its 15 percent stake as early as next month, but he declined to provide details about the arrangement. PCCW shares had lost 21 percent in the past five trading days before a rebound today. At 2:56 p.m. local time, the stock was up 7.7 percent at HK$4.175. PCCW Says Fund Managers Contacted to Buy C&W's Shares Jan 18, 2001 - 15:02:09 HKT Quamnet News Service Richard Li, chairman of Pacific Century CyberWorks (0008), said some fund managers have been contacted to purchase the shares that will be placed by Cable & Wireless Plc, the company's second-largest shareholder, after a lock-up period expires on Feb. 17. He expressed confidence in the market response to the planned placement. According to Li, PCCW is working with C&W Plc to sell about half of its 15 percent stake as early as next month, but he declined to provide details about the arrangement. PCCW shares had lost 21 percent in the past five trading days before a rebound today. At 2:56 p.m. local time, the stock was up 7.7 percent at HK$4.175.