CM Capital Offers to Boost Stake in PCCW Affiliate Supplying Fibre Networks

Reuters
Feb 09
CM Capital Offers to Boost Stake in PCCW Affiliate Supplying Fibre Networks

PCCW Limited announced that its affiliate, engaged in supplying copper and fibre connection access services in Hong Kong and the Greater Bay Area, has received an offer from CM Silk Road Capital Management Limited, a company controlled by China Merchants Capital Holdings Co., Ltd. The offer is to acquire a further 9% equity interest in the affiliate and 9% of certain shareholder receivables owed by the affiliate group to its existing shareholders. The parties are finalising the terms of this potential further investment.

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