Tag: pcrd

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 sells insurance business to Fortis

Richard Li and other founding shareholders sell 50.48% of Pacific Century Insurance to Fortis, netting $448 million.

By Sameera Anand | 2 March 2007

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

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