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CyberWorks May Buy HKT through Share Swap
(1186)
Feb 11,2000 - 16:38:54 HKT
According to a market source, the parent company of Pacific Century
CyberWorks (1186) is discussing a co-operation plan with Singapore
Telecommunications. The partners will buy a stake in Cable & Wireless HKT
(0008) but through a share swap in order to reduce political sensitivity.
CyberWorks is going to have a meeting with securities analysts after the
market close today, the source said.
CHECKIT
CyberWorks May Buy HKT through Share Swap
(1186)
Feb 11,2000 - 16:38:54 HKT
According to a market source, the parent company of Pacific Century
CyberWorks (1186) is discussing a co-operation plan with Singapore
Telecommunications. The partners will buy a stake in Cable & Wireless HKT
(0008) but through a share swap in order to reduce political sensitivity.
CyberWorks is going to have a meeting with securities analysts after the
market close today, the source said.
CHECKIT