S&P Revises Outlook on CAS Holding to Negative as Parent PCCW Sees Increased Leverage Pressure

S&P Global Ratings revised its outlook on CAS Holding's rating to negative from stable, due to a potential rise in parent PCCW's (HKG:0008) debt-to-EBITDA ratio above 4.5x amid shareholder-leaning div

MT NewswiresJul 3 06:17 ET

S&P Affirms Hong Kong Telecommunications' Ratings on Fairly Stable Operations, Debt Leverage

S&P Global Ratings kept Hong Kong Telecommunications' BBB long-term issuer credit rating and BBB long-term issue rating on its guaranteed unsecured debt. The affirmation was driven by the "fairly stab

MT NewswiresJul 3 06:03 ET

PCCW (00008.HK) was subject to director Xu Hanqing's shareholding reduction of 1,743,300 shares.

According to the latest equity disclosure information from the Stock Exchange of Hong Kong, on June 27-28, 2024, PCCW (00008.HK) was sold by acting director, Xu Hanqing (acting group CEO and group CFO), at an average price of HKD 3.8465-3.8883 per share, with a total of 1.7433 million shares sold for approximately HKD 6,742.2 million. After the shareholding reduction, Xu Hanqing's latest shareholding is 13.0862 million shares, and his shareholding ratio has decreased from 0.19% to 0.17%.

Gelonghui FinanceJul 2 18:50 ET

PCCW (00008): Wang Fang resigns as non-executive director.

PCCW (00008) announced that Wang Fang has resigned as the non-executive director and member of the Nomination Committee under the Board of Directors...

Zhitong FinanceJun 28 05:41 ET

China Merchants Buys 40% of PCCW's Fiber Unit for $870 Million

China Merchants Group Ltd. bought a 40% stake in the fiber assets of HKT Trust & HK Ltd., a unit of Hong Kong telecom group PCCW Ltd.

BNN BloombergJun 26 05:52 ET

Hong Kong Telecom-SS plans to sell its stake in Regional Link Telecom Services Holdings.

Hong Kong Telecommunications-SS (06823) and PCCW (00008) released a joint announcement stating that on June 26, 2024, the seller, Apex Link Communications Holdings Limited (an indirect wholly-owned subsidiary of Hong Kong Telecommunications), and the investor entered into a purchase agreement, with the seller agreeing to sell and the investor agreeing to purchase the target equity, for a total price of $870 million, to be settled in cash. Upon completion, the target company Regional Link Telecom Services Holding will be owned by the investor.

新浪港股Jun 25 19:31 ET