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PCCW receives 154 mln shares offer, hires financial advisor

Friday 14 August 2020 | 07:29 CET | News
Hong Kong's PCCW announced that Standard Chartered Bank (Hong Kong), on behalf of an offeror, has made a voluntary cash partial offer to acquire 154,592,765 shares in PCCW. PCCW has established an Independent Board Committee comprising all non-executive directors that will make a recommendation to shareholders as to whether the terms are fair and reasonable and should be accepted or not. Somerley Capital has been appointed to advise the Independent Board Committee on the offer. 

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Categories: Fixed
Companies: PCCW
Countries: Hong Kong
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