PCCW targets institutions for HK$1.3bn equity placement
PCCW raised HK$1.3bn ($167m) on Tuesday, selling the biggest equity offering in a week dominated by placements and secondary raisings amid a lack of initial public offerings.
It was the companys first trip to the equity markets in seven years, and came quickly after it sold a $500m bond last week. PCCW went out with the aim of increasing institutional participation in the groups shareholder base.The telecommunications company announced plans on Monday to place 380m ...
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