Hong Kong’s PCCW Group reportedly plans to launch an initial public offering (IPO) of its telecoms business tomorrow (Wednesday 9 November 2011), two anonymous sources ‘with direct knowledge of the plans’ told Reuters today. The IPO plan involves spinning off PCCW’s telecoms assets to form Hong Kong’s first investment trust (or business trust), to be called HKT Trust
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OVETEL PCCW launching IPO tomorrow, say sources
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