Pacific Century Cyberworks (PCC) China Online and several other shareholders have withdrawn an offer to sell their shares of PCC, reducing the size of a secondary share placement by CSFB from 560M shares to a maximum of 230M shares. PCC also announced to buy a 10% stake in Star East Information Technology and will issue $81.8M worth, i.e. 11.719M PCC share under a sale and purchase agreement for the sale of aggregate of 100M share of Star East Information (SEI). A call option to buy a further 100M shares of SEI within 12 months is embedded in the agreement.