Pacific Century Group

Thursday Think-tank

1 French firm buys half-stake in tram service ... they have no plan to raise prices but drivers will be taught to be more snobbish 2 PCCW buyout deal put on hold ... kind of like when you call their service hotline

Thursday, 9 April, 2009, 12:00am

Trading in PCCW halted amid buyout probe

Shares in PCCW and its controlling shareholder, Singapore-listed Pacific Century Regional Developments, were suspended from trading yesterday, pending a statement on PCCW's privatisation deal. PCCW requested the suspension after the market opened. The stock fell 1.01 per cent to HK$3.91 before trading was halted. PCRD said the announcement would not be released last night.

19 Mar 2009 - 12:00am

PCCW action against ex-employee rejected

The Court of Appeal yesterday denied PCCW's bid to have the city's top court hear arguments stemming from its lawsuit against a former employee who moved to a rival. However, PCCW can still petition the Court of Final Appeal directly to bid for an interim injunction against David Aitken, now at CSL.

21 Oct 2008 - 12:00am

Get rich recipe

Hong Kong tycoon Li Ka-shing has unveiled that his secret to success is striking a balance between goodness and pride. Do you agree and if not what do you think it takes to get to the top? Write to us

29 Jun 2008 - 12:00am

PCCW seeks proposals for 45pc holding in unit

PCCW, the largest telecommunications operator in Hong Kong, has invited buyers from around the world to submit proposals to take a 45 per cent stake in its newly formed unit HKT Group Holdings.

PCCW said in a stock exchange statement yesterday it had hired UBS as financial adviser for the planned sale.

All bids must be filed by July 14, it said.

28 Jun 2008 - 12:00am

The best always comes at a premium

'The survey found Karachi has the lowest average monthly rent. Compared [with] Hong Kong, it is 17 times cheaper.'

SCMP, April 17

This, to my mind, is the key finding of a recent survey that rated Hong Kong as the world's most expensive city for expatriates in rents for a high-end three-bedroom flat.

21 Apr 2008 - 12:00am

PCPD shareholders vote against PCCW buyout, seek higher price

Pacific Century Premium Developments shareholders yesterday voted against a buyout by its controlling shareholder PCCW, demanding more for their holdings.

The developer of the Cyberport residential project Bel-Air held a special meeting of shareholders to seek approval for the buyout but were knocked back as investors demanded a higher price for their shares.

18 Apr 2008 - 12:00am

Defendants deny defrauding PCCW

A former director of PCCW group finance and an accountant yesterday denied conspiracy charges, including an alleged arrangement for the director's Taiwanese girlfriend to extend her stay in Hong Kong with a bogus employment offer by the accountant's company.

9 Apr 2008 - 12:00am

Cable TV wins exclusive rights for top European soccer

Soccer fans will have to switch to Cable TV from next year to watch Europe's top clubs battle it out in the continent's premier competition - the UEFA Champions League.

Pay-TV operator I-Cable Communications has scored a coup over its main rival, PCCW's Now TV, by securing exclusive media rights to the Champions League matches for three seasons, starting from 2009-10.

20 Mar 2008 - 12:00am

PCCW Saudi venture 'about exporting skills'

PCCW, the city's largest telecommunications firm, will shy away from making an aggressive overseas push despite winning a full licence in Saudi Arabia, according to group managing director Alex Arena.

PCCW and Saudi conglomerate Mawarid won a licence to provide full telecommunications services including fixed line, broadband and wireless broadband in the Middle East country.

17 Mar 2008 - 12:00am

Internet poised to gain added clout in Olympic advertising

The Beijing Olympics will not only be a coming of age for China. The internet is also expected to take centre-stage as advertisers for the first time place it at the core of their Games' marketing campaigns.

12 Mar 2008 - 12:00am

PCCW has makings of a recovery stock

Since Richard Li Tzar-kai acquired a controlling stake in PCCW in 2000, all that investors wanted to know was how he divested valuable assets to pay down the company's debts.

10 Mar 2008 - 12:00am

Fixed-line gains keep PCCW in profit despite 7.4pc revenue drop

PCCW, the city's largest telecommunications firm, said last year's profit rose 20 per cent, as losses in its mobile and pay-television operations narrowed while internet business continued to grow.

7 Mar 2008 - 12:00am

Fewer completions cut PCPD profit 19pc

Pacific Century Premium Developments, the property arm of PCCW, said net profit decreased 19 per cent to HK$784 million last year as it completed fewer flats.

Earnings per share fell to 32.59 HK cents from 40.16 HK cents. The firm recommends no final dividend, against 5.5 HK cents per share in 2006.

7 Mar 2008 - 12:00am

Lai See

Seize the day but remember Richard Li's quantum leap

Crack open the champagne or head for cover, but make up your mind fast. Leap years arrive only once every four years and today, February 29, is the Gregorian calendar's gift to each of us.

But beware: sometimes you gain a day only to lose a dollar.

29 Feb 2008 - 12:00am