Brief: PCCW Announces Strategic Investment By Multimedia Investment In Viu International

Pccw

21/06/2023 05:39

June 21 (Reuters) - PCCW Ltd  0008.HK :
    * STRATEGIC INVESTMENT BY CANAL+ IN VIU INTERNATIONAL
LIMITED
    * SUBSCRIPTION FOR VIU SHARES FOR AGGREGATE AMOUNT OF US$300
MILLION
    * PCCW MEDIA, VIU AND CANAL+ FURTHER ENTERED INTO
SHAREHOLDERS’
AGREEMENT
    * IF CANAL+ COMPLETES AGGREGATE INVESTMENT, IT SHALL BE
ENTITLED
TO EXERCISE OPTION TO BUY RELEVANT NUMBER OF VIU SHARES HELD BY
PCCW MEDIA
    * MULTIMEDIA INVESTMENT HOLDING SHALL SUBSCRIBE FOR VIU
INTERNATIONAL SHARES

Further company coverage:  0008.HK 

 ((Reuters.Briefs@thomsonreuters.com;))