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


To: ms.smartest.person who wrote (2166)2/7/2002 11:04:49 PM
From: ms.smartest.person  Respond to of 2248
 
PCRD buys 1.45 mln PCCW shrs at 1.99 hkd each; 294,000 ADRs at 2.5443 usd
10:42 08-FEB-2002

Pacific Century Regional Developments Ltd said it bought 1.45 mln shares in unit Pacific Century CyberWorks Ltd (0008-HK) at an average consideration of approximately 1.99 hkd per share, and 294,000 American Depositary Receipts in PCCW at 2.5443 usd per ADR.

Each PCCW ADR represents 10 PCCW shares.

Following these acquisitions, PCRD holds approximately a 33.2 pct stake in PCCW, it said in a statement.

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