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  • Aug 31, 2014
  • Updated: 6:02am

Pacific Century Group

PCCW spin-off raises HK$9.3b in global I.P.O.

PCCW is taking in HK$9.3 billion in proceeds from its telecommunications assets spin-off - Hong Kong's first business trust initial public offering - after units were sold at the low end of its price range in a volatile market.

Thursday, 24 November, 2011, 12:00am

Key PCCW backers commit to spin-off

Key shareholders of PCCW have given their financial commitment to the company's telecommunications-assets spin-off, despite lukewarm demand for this business-trust initial public offering - the first of its kind in Hong Kong.

22 Nov 2011 - 12:00am

Market Calls

PCCW (8) launched its HK$9.6 billion initial public offering of its telecom assets (HKT Trust) on Wednesday. Analysts view the new listing as expensive. The flip side of that discussion is whether the IPO will create value for existing PCCW shareholders.

Lisa Soh (Macquarie) says the IPO represents a very good valuation of the HKT assets for PCCW.

21 Nov 2011 - 12:00am

HKT Trust's global I.P.O. launch today

The global initial public offering of HKT Trust, the telecommunications business being spun off by PCCW, starts today, with expectations of strong demand despite the volatile market.

16 Nov 2011 - 12:00am

PCCW may raise up to HK$11b from city's first business trust

PCCW is set to spin off its telecommunications assets on November 29, heralding the first listing of a business trust in Hong Kong, a person familiar with the deal said yesterday.

10 Nov 2011 - 12:00am

PCCW's trust spin-off is nothing but a cash grab

In early 2000, just before Richard Li Tzar-kai's PCCW made its takeover bid, Hong Kong Telecom boasted a market capitalisation of HK$215 billion. Adjusted for inflation, that would be HK$232 billion in today's money.

Now PCCW is hoping to spin off HKT in a deal that values the business at between HK$29.1 billion and HK$34.5 billion.

10 Nov 2011 - 12:00am

PCCW spin-off still up in the air, says TV 'star' Li

The proposed listing of PCCW's telecommunications arm as a business trust is still up in the air because of the current market gyrations, chairman Richard Li Tzar-kai said yesterday.

3 Nov 2011 - 12:00am

Letters

Libyans can learn lessons from 1911

This year marks the 100th anniversary of the start of the Xinhai revolution in China, which overthrew the country's last imperial dynasty, the Qing, and eventually led to the founding of the Republic of China in 1912. The anniversary is of great historical, cultural and political significance to all Chinese on both sides of the strait.

31 Oct 2011 - 12:00am

PCCW dials up rage with broadband price increase

Users of PCCW's internet service, Netvigator, have voiced anger at an announced price increase of more than 30 per cent for people who pay on a monthly basis.

22 Oct 2011 - 12:00am

S&P keeps HKT credit watch despite spin-off

Standard & Poor's (S&P) will keep the long-term debt rating of Hong Kong Telecommunications (HKT), part of the PCCW Group, on CreditWatch Negative status, citing uncertainties about its planned spin-off.

19 Oct 2011 - 12:00am