Tag: pccw

Equities

Late orders get HKT Trust's $1.2 billion IPO across the line

Retail investors, hedge funds and private banks shun the PCCW-backed trust and the price is fixed at the bottom of the range for a 9% yield.

By Anette Jönsson | 24 November 2011

Equities

HKT Trust launches IPO of up to $1.4 billion

PCCW is aiming to sell 32% of the trust pre-shoe and is offering a yield between 7.6% and 9%.

By Anette Jönsson | 9 November 2011

Equities

Bankers start pre-marketing PCCW's HKT Trust

Also vying for investor attention are Malaysia's Pavilion Reit and Chinese iron ore producer Zhong Da Mining, while New China Life Insurance and Xinyi Solar are both pushing on ...

By Anette Jönsson | 26 October 2011

Equities

PCCW shareholders approve HKT Trust spin-off

The vote paves the way for an IPO that could be the largest by a Hong Kong-based issuer in six years.

By Anette Jönsson | 13 October 2011

Equities

PCCW and Swire prepare for spin-offs

PCCW's proposed listing of its telecom assets in the form of a trust and Swire Properties' listing by introduction will bring two blue-chip Hong Kong assets to the market -- ...

By Anette Jönsson | 28 September 2011

Equities

PCCW's proposed spin-off of telecom assets draws closer

The stock exchange is said to have given its nod to the listing through a trust and PCCW is expected to call an EGM in the next few weeks to seek approval from its shareholders ...

By Anette Jönsson | 12 September 2011

Debt

PCCW sells $500 million bond

The Hong Kong telecom company returns to the international debt markets after a five-year absence and draws huge demand, allowing the deal to be upsized from an initial target ...

By Mei Tuicolo | 23 August 2010

Editor's Desk

PCCW: 2000 Deal of the Year...lemon of the decade

PCCW took out a $12 billion syndicated loan to pay for the acquisition of Hong Kong Telecom. The loan was a success, but the acquisition was named one of the biggest disasters ...

By Mei Tuicolo | 8 June 2010

Cash

City Telecom's big hairy audacious treasury

CFO NiQ Lai explains how the company's treasury is allowing City Telecom to compete with and overtake Hong Kong’s telecommunications giants.

By Edward Russell | 20 April 2010

M&A

Richard Li buys AIG businesses for $500 million

Richard Li's Pacific Century Group takes over part of American International Group's investment advisory and asset management business for $500 million.

By Sameera Anand | 7 September 2009

M&A

Appeals court rejects PCCW privatisation proposal

Emotions run high and corporate governance triumphs as a Hong Kong court decides PCCW rigged a shareholder vote. Li loses, but do shareholders gain?

By Sameera Anand | 23 April 2009

M&A

Court approves PCCW privatisation, but questions linger

Richard Li's plan to take PCCW private is approved by a Hong Kong court, but an appeal is still outstanding, raising doubts about whether the proposal can meet its deadline.

By Sameera Anand | 7 April 2009

M&A

PCCW tables details of enhanced offer

PCCW explains to minority shareholders why the enhanced $3.93 billion take-private proposal, up 7% in value from the November offer, is reasonable.

By Sameera Anand | 13 January 2009

M&A

Is Richard Li's luck set to change?

Richard Li tables another offer to unlock value in PCCW – a take-private proposal at an outlay of $1.9 billion. Shareholders cheer, but will they tender?

By Sameera Anand | 6 November 2008

M&A

Richard Li attempts another delisting

PCCW uses the market downturn to privatise property subsidiary PCPD, offering a discount to the most recent NAV.

By Sameera Anand | 15 February 2008

M&A

PCRD investors vote against sale of PCCW to Leung

Shareholders vote down a proposal to sell a 23% stake in PCCW to Francis Leung, opening the door for Richard Li to put together another deal for PCCW.

By Sameera Anand | 1 December 2006

M&A

PCCW – what happened before July 10?

A chain of events in motion since January 2006 suggests Li's sale of PCRD's stake in PCCW was only one in a series of steps towards extracting value out of PCCW.

By Sameera Anand | 13 July 2006

M&A

Leung gets optimal pricing from vendor financing

Frances Leung couldn't have gotten such attractive pricing had he gone to the region's commercial lenders.

By Timothy Cuffe | 13 July 2006

M&A

PCCW stock declines on Leung deal

Richard Li exits and Leung acquires asset on which he has to book loss on day one.

By Sameera Anand | 12 July 2006

Debt

Just how high could the bidding go for PCCW's HKTC?

As PCCW opens up to potential suitors for its HKTC subsidiary, what numbers would make sense for the winning LBO?

By Timothy Cuffe | 23 June 2006

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