Brief: PCCW Says Co's Stake In PCPD Will Drop To About 33.05%

Pacific Century Premium Developments

17/03/2021 15:40

March 17 (Reuters) - PCCW Ltd  0008.HK :
    * AFTER COMPLETION OF PACIFIC CENTURY PREMIUM DEVELOPMENTS
RIGHTS
ISSUE, CO'S STAKE IN IT WILL DROP TO ABOUT 33.05%
    * WILL CONTINUE TO BE SINGLE LARGEST SHAREHOLDER OF PCPD
    * AFTER DEEMED DISPOSAL, ABOUT HK$136 MILLION WILL BE
DEBITED TO
RESERVES OF PCCW GROUP

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 (Reuters.Briefs@thomsonreuters.com)