PCCW shareholders to reevaluate buyout offer

12 Jan 2009

PCCW shareholders will meet again on 4 February to discuss a buyout offer by the Hong Kong telco’s chairman Richard Li and major stakeholder China Netcom. A meeting on 30 December 2008 was adjourned after Li’s holding vehicle PCRD and its Chinese state-run investment partner raised their offer by 7.1% to USD2.2 billion, Reuters reports.

Hong Kong, PCCW Group