PCCW privatisation plan gets green light; SFC to appeal

6 Apr 2009

Reuters reports that a Hong Kong court has given permission to PCCW’s controlling shareholders to proceed with a HKD15.9 billion (USD2.1 billion) privatisation plan. A high court judge ruled against the Securities and Futures Commission (SFC) in a case over alleged vote buying, saying that PCCW’s shareholders had acted in good faith. The SFC says it plans to file an appeal.

Hong Kong, PCCW Group