PCCW continues to wait for right moment to list

3 Nov 2011

PCCW’s chairman Richard Li said yesterday that the group will continue to monitor stock market conditions for the right moment to spin off and list its telecoms assets, reports Dow Jones Newswires. The Hong Kong telco began gauging investor interest last week for the flotation, worth up to USD1.3 billion, but says it will not list unless the minimum market cap is met. An earlier term sheet indicated pre-marketing would end this week.

Hong Kong, PCCW Group