09:46 18-FEB-2000
FACTBOX-Key data on C&W HKT<0008.HK>/PCCW<1186.HK>
HONG KONG, Feb 17 (Reuters) - Cable & Wireless HKT, the Hong
Kong unit of London-listed Cable & Wireless Plc , and
upstart Internet firm Pacific Century CyberWorks Ltd (PCCW) are
at the centre of a highly publicised courtship.
A merger of the two would bring together one of the
territory's oldest and largest utility companies with one of its
youngest and most dynamic Internet investment firms.
But Singapore Telecommunications , owned 79.7
percent by a Singapore government investment arm, is also vying
for the Hong Kong blue chip behemoth.
Key data on C&W HKT and PCCW (February 17 closing prices):
C&W HKT PCCW*
--------------------------------------------------
Share price HK$25.45 HK$25.80
COMPANY SIZE
Number of employees 13,600 230
Shares in issue 12.119 bln 10.18 bln
Market capitalisation HK$308.43 bln HK$262.64 bln
(US$39.64 bln) (US$33.76 bln)
Total assets HK$53.97 bln** HK$348.8 mln**
FINANCIAL DATA
(as at last reporting data)
Financial year end March 31 December 31
Revenue HK$32.41 bln HK$283.6 mln
Net profit/(loss) HK$11.51 bln (HK$62 mln)
Price/earnings 26.4 times n.a.
Price/book 8.11 times 2,114 times
SUBSTANTIAL SHAREHOLDERS
Cable & Wireless Plc 54 pct --
China Telecom <0941.HK> 10 pct --
Pacific Century Reg Dev*** -- 53.5 pct
Pacific Century Group Hldgs 2.8
Pacific Century Diversified 5.6
Intel Pacific Inc 8.0
CMGI Inc 3.3
Hikari Tsushin Inc <9435.T> 2.5
CHIEF EXECUTIVES Linus Cheung Richard Li
NOTES:
* PCCW market cap and shares in issue figures reflect a
placement of 250 million shares at HK$23.50 each with an
overallotment option of 85 million additional shares.
** C&W HKT's total assets were listed at its last balance
sheet date of March 31 1999 and PCCW's were listed as at
end-December 1998.
*** Parent company shareholding as at September 1999. Pacific
Century Regional Developments is about 78 percent owned by
Pacific Century Group Holdings Ltd, a company 100 percent owned
by PCCW chairman Richard Li.
(US$1=HK$7.8)
((Hong Kong Newsroom +852 2843-6933, Fax +852 2845-0636
hongkong.newsroom@reuters.com))
FACTBOX-Key data on C&W HKT<0008.HK>/PCCW<1186.HK>
HONG KONG, Feb 17 (Reuters) - Cable & Wireless HKT, the Hong
Kong unit of London-listed Cable & Wireless Plc , and
upstart Internet firm Pacific Century CyberWorks Ltd (PCCW) are
at the centre of a highly publicised courtship.
A merger of the two would bring together one of the
territory's oldest and largest utility companies with one of its
youngest and most dynamic Internet investment firms.
But Singapore Telecommunications , owned 79.7
percent by a Singapore government investment arm, is also vying
for the Hong Kong blue chip behemoth.
Key data on C&W HKT and PCCW (February 17 closing prices):
C&W HKT PCCW*
--------------------------------------------------
Share price HK$25.45 HK$25.80
COMPANY SIZE
Number of employees 13,600 230
Shares in issue 12.119 bln 10.18 bln
Market capitalisation HK$308.43 bln HK$262.64 bln
(US$39.64 bln) (US$33.76 bln)
Total assets HK$53.97 bln** HK$348.8 mln**
FINANCIAL DATA
(as at last reporting data)
Financial year end March 31 December 31
Revenue HK$32.41 bln HK$283.6 mln
Net profit/(loss) HK$11.51 bln (HK$62 mln)
Price/earnings 26.4 times n.a.
Price/book 8.11 times 2,114 times
SUBSTANTIAL SHAREHOLDERS
Cable & Wireless Plc 54 pct --
China Telecom <0941.HK> 10 pct --
Pacific Century Reg Dev*** -- 53.5 pct
Pacific Century Group Hldgs 2.8
Pacific Century Diversified 5.6
Intel Pacific Inc 8.0
CMGI Inc 3.3
Hikari Tsushin Inc <9435.T> 2.5
CHIEF EXECUTIVES Linus Cheung Richard Li
NOTES:
* PCCW market cap and shares in issue figures reflect a
placement of 250 million shares at HK$23.50 each with an
overallotment option of 85 million additional shares.
** C&W HKT's total assets were listed at its last balance
sheet date of March 31 1999 and PCCW's were listed as at
end-December 1998.
*** Parent company shareholding as at September 1999. Pacific
Century Regional Developments is about 78 percent owned by
Pacific Century Group Holdings Ltd, a company 100 percent owned
by PCCW chairman Richard Li.
(US$1=HK$7.8)
((Hong Kong Newsroom +852 2843-6933, Fax +852 2845-0636
hongkong.newsroom@reuters.com))
