PCCW aims for valuation jump through telco spin-off
PCCW is planning to spin off its telecommunications division into a listed company and trust in a bid to secure a revaluation of its business. In what is a first for Hong Kong, share-stapled units will be sold to investors giving them exposure to the company and the trust, in a deal that will raise at least HK$7.15bn ($916.9m).
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts