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.
October 12, 2011
More than a decade after PCCW bought Cable & Wireless’s Hong Kong telecoms business in a high-profile and highly leveraged transaction, it is getting ready to spin off the asset in the form of a dividend-paying trust that could raise as much as $2 billion.
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