Handel in Hongkong suspended!!! - 500 Beiträge pro Seite

[03855]

Was ist da passiert in HK? Warum hat PCCW beantragt den Handel für seine Aktien auszusetzen?

[EuroPager]

Pacific Internet startet eAuction</H3></CENTER><BR><P>Pacfusion, ein Tochterunternehmen von Pacific Internet,
gab heute den Start von "eAuctions" bekannt. Das neue
Portal ist hauptsächlich auf den B2C-Bereich (Business-to-Consumer)
ausgerichtet, aber auch Privatpersonen können Versteigerungen
starten. Durch Partnerschaften mit Firmen wie Motorola
ist eAuctions gut auf dem asiatischen Auktionsmarkt
positioniert.

[FrankieTheFly]

heute ist feiertga

ruhig...

[necromancer]

In Japan, nicht in Hongkong.

[brigg]

hallo
was neues aus HK
quelle: zyber.de

Thursday, February 10, 2000

TECHNOLOGY

Ming Pao in talks with CyberWorks
DENISE TSANG


--------------------------------------------------------------------------------
Publisher Ming Pao Enterprise`s Web concern Ming
pao.com is in discussions with Pacific Century CyberWorks and could sell the company a stake in its site.

Mingpao.com is holding talks about "commercial activities", executive director Francis Tiong Kiew Chiong said.

"We won`t rule out selling a stake of Mingpao.com to CyberWorks," he said.

Mingpao.com, an Internet content provider, owns the rights for on-line publishing of all Ming Pao`s 10 publications, among them Chinese-language daily newspaper Ming Pao and magazines Hi-tech Weekly and Yazhou Zhoukan.

Mr Tiong also said the Web site, launched in 1995, would be expanded during the next two years at a cost of up to $200 million.

He said the money would be invested in new equipment to provide multi-media news and information. On February 3, Mingpao.com sold a 10 per cent stake to CCT Telecom Holdings for $100 million.

The sale of a minority interest in Mingpao.com to CCT valued Mingpao.com at $1 billion.

Mr Tiong said the valuation was justified by Ming

pao.com`s fast-growing number of page viewers.

Last month, 1.4 million people visited the site on an average day, compared with 1.1 million in October last year.

"We hope the Web site will generate a profit in two years," Mr Tiong said.

He said that Mingpao.com eventually would be listed on the stock market.

However, he said no definite listing plan was in place yet.

"We`ll do this at a suitable time," Mr Tiong said.

Ming Pao shares dropped 17.89 per cent yesterday to finish at $3.90.

[sittisch]

Hey leute

hier auch noch mal ne Meldung.

(1186)
Feb 11,2000 - 13:58:14 HKT


Pacific Century CyberWorks (1186) made a statement today saying it has noted the recent speculation regarding its association with a possible offer for Cable & Wireless HKT. CyberWorks said it regularly reviews opportunities in the Internet and connectivity spaces and noted with interest on announcement by HKT on 24th January 2000.

In addition, CyberWorks announced that it has retained the investment bank Warburg Dillon Read (the investment bank division of UBS) and Bank of China International to assist it in assessing all alternatives including any possible investment in HKT.

¡iQuamnet News¡j


bis dann

sittisch

[frankho]

HONG KONG, Feb 11 (Reuters) - Upstart Asia Internet company Pacific Century CyberWorks Ltd said on Friday it was considering an investment in Hong Kong telecom giant Cable & Wireless HKT, raising the spectre of a bidding war with Singapore Telecom.

PCCW said in a statement to Hong Kong`s stock exchange that had retained two investment banks to assess various alternatives.

Shares of C&W HKT soared more than 22 percent in Friday morning trade on newspaper reports that PCCW would participate in a consortium led by Cheung Kong (Holdings) and Hutchison Whampoa Ltd to bid for control of C&W HKT.

The South China Morning Post also quoted sources saying Britain`s Vodafone AirTouch Plc , fresh from its takeover of Mannesmann AG, may also be interested in joining the consortium.

Cheung Kong and Hutchison denied any interest in acquiring C&W HKT, but PCCW said it "regularly reviews opportunities in the Internet and connectivity spaces."

"Whilst it is too early to determine whether any proposal will be formulated for presentation to the board of HKT, PCCW has retained the investment bank Warburg Dillon Read and Bank of China International, to assist in assessing all alternatives including possible investment in HKT," it added.

Analysts said PCCW may have the muscle to bid for control of C&W HKT if its British parent Cable & Wireless Plc is willing to accept an all-paper offer. Cable and Wireless, which holds 54 percent of C&W HKT, has long been viewed as wanting to sell its Hong Kong unit.

An acquisition would give PCCW control of Hong Kong`s dominant telecom provider and one of its largest employers, with about 13,000 employees and revenues of HK$32.41 billion in the year ended March 1999.

HKT SHARE SLUMP ENDED

C&W HKT shares were up 22.66 percent or HK$4.00 at the midday break at HK$21.65. They had underperformed the market in recent weeks as the SingTel talks, first disclosed on January 24, had dragged on with few developments.

"We have no comment on the PCCW move," a SingTel spokeswoman told Reuters in Singapore.

SingTel earlier had said merger talks with C&W HKT were continuing and bids from third parties were just rumours.

Shares of PCCW were up 5.34 percent or HK$1.25 percent to end the morning at HK$24.65 after hitting a record HK$25.50. Trade in the stock was suspended in the afternoon session at the company`s request pending a statement.

MARKET CAP MUSCLE

PCCW was formed in May 1999 by Richard Li, youngest son of Hong Kong property tycoon and Cheung Kong chairman Li Ka-shing.

It is a subsidiary of Singapore listed Pacific Century Regional Developments Ltd , which is controlled by the younger Li, a deputy chairman of Hutchison. Pacific Century said early on Friday afternoon it had also requested a suspension in trading of its stock pending an announcement.

PCCW, which invests in Internet startup companies and is developing a pan-Asian broadband satellite Internet access network, has risen from the shell of a sleepy telecom equipment distributor to one of Hong Kong`s most heavily traded stocks.

Its market capitalisation has reached HK$223.5 billion (US$28.72 billion), outstripping that of U.S. Internet giant Amazon.com and coming close to C&W HKT`s market value of HK$262.38 billion.

A C&W HKT takeover would instantly give PCCW a sophisticated digital broadband network in Hong Kong and access to nearly half a million local Internet subscribers.

It also would eliminate a potential competitor by gaining control of a broadband Internet-satellite television joint venture in Asia with News Corp`s Star TV that plans a stock market listing later this year.

"PCCW is someone that makes sense," said Rajeev Gupta, Goldman Sachs` Internet analyst in Hong Kong.

"Acquiring HKT gives the company access into its home market, which is Hong Kong, access to 2 million homes in Hong Kong, as well as technology and data centers."

However, PCCW would also be saddled with C&W HKT`s declining core revenues and profits in Hong Kong`s rapidly deregulating telecom market.

With increasing competition in international direct dial, and fixed-line services, C&W HKT has said it does not expect its profits to start growing again until the fiscal year ending in 2002.

Cioa Frank

[lustmolch]

Hey Fans,
kann jemand eine kurze deutsche Übersetzung (stichpunkte)
ins Board stellen. denke mal, dass nicht alle so gut in englisch
sind.
ciao

[Cobra_IV]

Ich denke es passiert das was ich schon öfter sagte Pccw kauft alles auf was gut ist ,und was nicht gut ist wird auch nicht gekauft. Also warum sich noch mit einzelnen Asien Aktien beschäftigen wenn man mit PCCW sowieso alles Freihaus bekommt. Leute es kommt da etwas auf zu wo wir noch nicht mal im Traum dran geglaubt haben . Ich sage nur LONG bleiben und sich auf den sehr frühzeitigen Ruhestand freuen.Grüße an alle PCCW Fans