HKT Trust raises $1b from rights issue
Demand was strong for Richard Li's telecom trust, which will use the proceeds to pay down some of its substantial debt.
July 17, 2014
PCCW took a big step towards a separate listing of its telecommunications unit yesterday as shareholders voted for the proposed spin-off at an extraordinary general meeting. The bookrunners can now start the pre-marketing for the planned initial public offering, although sources said yesterday that a decision on when to launch has yet to be made.
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