Leung to name other investors in PCCW purchase by November

13 Jul 2006

Fomer investment banker Francis Leung Pak-to, who is buying nearly 23% of Hong Kong’s largest telco PCCW from a firm controlled by its chairman Richard Li, said he would disclose by November the names of other investors joining in his HKD9.16 billion (USD1.178 billion) bid. Leung told the South China Morning Post that his private equity company Fiorlatte would be the largest single shareholder in PCCW even if more investors come on board.

Hong Kong, HKT/PCCW (incl. CSL), PCCW Group