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

To: ms.smartest.person who wrote (2121)	1/25/2002 3:14:23 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

HK PRESS: Arthur Andersen May Lose Bank Of China Contract January 24, 2002 Dow Jones Newswires HONG KONG -- Arthur Andersen may lose the audit business of Bank of China (Hong Kong) Ltd. (Q.BCH), due to the big-five accounting firm's involvement with Enron Corp. (ENE), the Ming Pao Daily reports, citing unnamed sources. A spokeswoman for Bank of China (Hong Kong) said that she hasn't heard about the move. An Arthur Andersen spokeswoman wasn't immediately available for comment. The Chinese-language paper said that Bank of China (Hong Kong), which is seeking a dual listing in Hong Kong and the U.S., is considering switching auditors to avoid possible delays in the listing. The bank is worried Arthur Andersen's relationship with the U.S. Securities and Exchange Commission may be harmed by the Enron case, the paper says. The SEC is investigating whether the accounting firm violated securities laws by failing to disclose Enron's deteriorating financial state. Arthur Andersen is the listing auditor for many Hang Seng blue-chip companies, including Pacific Century CyberWorks Ltd. (PCW), China Unicom Ltd. (CHU), and CNOOC Ltd. (CEO). -By Sonia Tsang, Dow Jones Newswires; 852-2802-7002; sonia.tsang@dowjones.com -------------------------------------------------------------------------------- URL for this Article: interactive.wsj.com -------------------------------------------------------------------------------- Copyright © 2002 Dow Jones & Company, Inc. All Rights Reserved. Printing, distribution, and use of this material is governed by your Subscription Agreement and copyright laws. For information about subscribing, go to wsj.com Used with permission of wsj.com