Investors lukewarm to Phoenix Satellite

Phoenix Satellite failed to raise enthusiasm after its debut on Hong Kong''s second board last Friday, but the fact that it listed at all can be seen as a success.
July 03, 2000

Phoenix Satellite Television, an operator of Chinese-language television channels, received lukewarm response from investors when its shares began trading for the first time Friday on Hong KongÆs Growth Enterprise market (GEM).

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