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

To: ms.smartest.person who wrote (424)	2/25/2001 7:04:48 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

CyberWorks units sign competition pact before listing ILink Holdings, controlled by Pacific Century CyberWorks, has signed an agreement with Powerbase - a CyberWorks subsidiary competing with iLink - to allay concerns about potential conflict of interest before iLink's Growth Enterprise Market listing on March 9. ILink chairman and CyberWorks director Mico Chung Cho-yee said yesterday the agreement was signed after Hongkong Stock Exchanges and Clearing requested a disclosure on how CyberWorks would deal with competition between its two data-centre units. Under the agreement, Powerbase would refer customers who require bandwidth of 384 kbps (kilo-bits per second) to iLink, while the latter would refer customers who require more than 384 kbps to Powerbase. The division of customers means iLink would focus on small and medium-sized e-business operators, while Powerbase would focus on multinationals and large corporations. ILink is planning to raise between HK$121 million and HK$140.8 million by selling 110 million shares - about 10.5 per cent of the enlarged share capital - at HK$1.1 to HK$1.28 each. The all-new shares offer will begin on Monday and close on Wednesday. biz.scmp.com