It is reported that PCCW's head of the issued shares 6,770,000,000 shares, including retail and institutional investors, public shareholders holding a total of about 3.9 billion shares, Netcom and Pacific Century holds a total of 47.58 percent PCCW stake About 2.86 billion shares. The privatization proposal, Netcom and Pacific Century will be held by 74.27% and 25.73% of the proportion of the amount to pay the cost of the acquisition is expected to spend a total of 14,900,000,000 Hong Kong dollars (about 13,140,000,000 yuan).
Pacific Century CyberWorks (PCCW Ltd.) Yesterday evening announced that its chairman Richard Li will be the Pacific Century and its second largest shareholder of China Netcom in order to arrange the way of 4.2 Hong Kong dollars per share (about 3.7 yuan) for the full acquisition of power The proposed privatization of the surplus, the price of PCCW than 3 weeks before the suspension closing price of 2.75 Hong Kong dollars (about 2.56 yuan) a premium of 44.8 percent.
Notice that the Pacific Century and China Netcom plans to the highest cash 15,490,000,000 Hong Kong dollar acquisition of PCCW, the per share price of 4.20 Hong Kong dollar. HSBC has been designated as the financial advisor in the transaction.
It is reported that PCCW's head of the issued shares 6,770,000,000 shares, including retail and institutional investors, public shareholders holding a total of about 3.9 billion shares, Netcom and Pacific Century holds a total of 47.58 percent PCCW stake of about 2,860,000,000 Shares.
The privatization proposal, Netcom and Pacific Century will be held by 74.27% and 25.73% of the proportion of the amount to pay the cost of the acquisition is expected to spend a total of 14,900,000,000 Hong Kong dollars (about 13,140,000,000 yuan). If privatization is approved, PCCW will be the Pacific Century Network and its ratio of capital to pay a dividend, at least for the 16,964,000,000 Hong Kong dollars (about 14,960,000,000 yuan).
Prior to that, in the proposed privatization of Richard Li's PCCW's proposal, the board of directors of the program has attracted controversy. Board members are not satisfied with this because they think we should protect the interests of minority shareholders, and the privatization program appears to benefit shareholders. However, the privatization of the agreement will help to higher-than-expected retail shareholders from the share price and make the two controlling shareholders to attract new investors.
If the completion of the deal, PCCW will withdraw its listing status. PCCW today resume trading on the Stock Exchange as early as 9:30.
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