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


To: ms.smartest.person who wrote (4506)1/21/2001 9:01:01 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 4541
 
11:44 20-JAN-2001 China Telecom denies swapping with C&W for PCCW shares

Pacific Century CyberWorks (0008-HK) shares soared sharply by 8.8 pct yesterday on rumours that PCCW has found a buyer for Cable & Wireless Plc's 7.4 pct PCCW shares which lock-up will expire next month.

China Telecom, the mainland's dominant mobile phone operator, is rumoured to be the white knight who would swap its new shares to be issued in its Q2 listing plan for C&W's PCCW shares.

However, a spokesman with the telecom firm had denied the reports, according to the South China Morning Post.

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