Minority shareholders in Hong Kong’s Sunday Communications have voted to block parent company PCCW’s plan to take it private, preferring to leave the company as a separately listed firm. Of the independent Sunday shares voted at a special meeting, 82.8% were in favour of the privatisation and 17.2% were voted against. Under takeover rules, a vote of more than 10% of a company’s independent shares against privatisation is sufficient to block the deal. According to PCCW CFO Alex Arena, PCCW will now look to restore the public float of 25%, the minimum required under Hong Kong stock exchange rules. As it stands PCCW owns 79.35% of Sunday’s shares.