China Railway Telecommunications (China Railcom) has denied it has a deal with any SAR-listed company, after mainboard-listed eCyberChina Holdings said it was about to announce a deal with the telecoms operator.
In an announcement published in a Chinese newspaper, the country's second-largest fixed-line operator said that 'in the light of recent media reports about our company and a certain Hong Kong listed company undergoing technical co-operation, we hereby solemnly declare that such reports are not true.'
'Our company did not have any technology co-operation with any Hong Kong listed company nor signed any technology co-operation agreement or letter of intent with any SAR listed company,' it said.
China Railcom's statement came on the day property investor eCyberChina was due to announce a 'joint venture with the telecommunications arm of Ministry of Railway, China Railway Telecommunication Centre'.
ECyberChina cancelled a news conference to announce the deal four hours before it was to take place.
The company, formerly Noble Link Holdings, engages in property investment in China. It diversified into technology-related business by acquiring 20 per cent of a technology consultancy firm for HK$91 million in February.