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

To: ms.smartest.person who wrote (1758)	7/31/2001 4:48:19 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Pacific Century Group Contracts Japan Hotel To Four Seasons July 31, 2001 7:17 AM HONG KONG -(Dow Jones)- Pacific Century Group said Tuesday the Four Seasons Hotels and Resort will manage the hotel portion of its office-cum-hotel complex located in Tokyo, under a long-term management contract. Pacific Century said in a press statement that the five-storey hotel portion of the complex will be called "Four Seasons Hotel, Tokyo at Marunouchi" and will be ready for business in late 2002. The entire complex, called Pacific Century Place Marunouchi, measures 80,000 square meters and is valued at US$1.1 billion, the company said in the press statement. It is substantially owned by Pacific Century Group Japan KK (J.PCC), which is wholly-owned by Pacific Century Group, and co-owned by the East Japan Railway Company. No financial details were given regarding the terms of the contract and company officials in Japan weren't immediately available for comment. The complex has 31 floors, of which 24 are for office-use. The office space is due to open in November and tenant capacity currently stands at 70%, the company said. It is located in Tokyo's central business district, next to Tokyo Station, the city's principal rail hub. Pacific Century Group is privately owned by Richard Li, who is also the chairman of Hong Kong listed telecom operator Pacific Century CyberWorks Ltd. (H.PCW). The company has another listed company in Singapore, called Pacific Century Regional Development (J.PCC). -By Georgina Lee, Dow Jones Newswires; 852-2802-7002; georgina.lee@dowjones.com -0- 31/07/01 11-03G (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved