Hong Kong court delays decision on PCCW buy-out
The controversy surrounding the HK$15.975bn ($2bn) privatisation of Hong Kong’s PCCW was left unresolved on Tuesday after a judge granted regulators three more weeks to investigate allegations of vote-rigging.
PCCW shareholders voted 82% in favour of the privatisation bid led by PCCW chairman Richard Li and China Netcom, the second largest shareholder, on February 4, but under Hong Kong law any privatisation needs to be approved by the High Court.
The High Court on Tuesday delayed the
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.