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

Hong Kong Telecommunications-SS (06823.HK) plans to sell the equity of a subsidiary company for a total price of USD 870 million.

On June 26th, Glorious Sun announced jointly with Hong Kong Telecommunications-SS(06823.HK) and PCCW (00008.HK) that on June 26th, 2024, the seller (Apex Link Communications Holdings Limited, an indirect wholly-owned subsidiary of Hong Kong Telecommunications) entered into a sale and purchase agreement with the investor. According to this agreement, the seller agreed to sell and the investor agreed to purchase the target equity (receivables of HKD 344 million, which is 4 of HKD 859 million receivables payable by Passive Netco to the seller.

Gelonghui FinanceJun 25 19:12 ET

HKT Trust & HKT to Use Divestment Proceeds to Meet Working Capital Needs, Repay Debt

HKT Trust & HKT to Use Divestment Proceeds to Meet Working Capital Needs, Repay Debt

Dow JonesJun 25 19:12 ET

HKT Trust & HKT Unit to Sell Business to Magic Investment Bidco

HKT Trust & HKT Unit to Sell Business to Magic Investment Bidco

Dow JonesJun 25 19:11 ET