PCCW Limited’s disposal of part of its shareholding in HKT Limited

Slaughter and May has advised PCCW Limited on the sale of an approximate 11.10% shareholding in HKT Limited.

Both PCCW and HKT are listed on the Main Board of the Hong Kong Stock Exchange. The disposal is being effected by way of a placing, with Goldman Sachs (Asia) L.L.C. acting as placing agent.

Following completion of the placing, PCCW will continue to hold an approximate 51.97% majority stake in HKT. The gross proceeds of the placing will amount to approximately HK$8.534 billion.

Slaughter and May has advised PCCW with a team led by David Watkins (partner, in picture), John Moore (partner), Frank Bi (associate), Charlie Court (trainee).

 

Involved fees earner: David Watkins – Slaughter and May; John Moore – Slaughter and May; Frank Bi – Slaughter and May; Charlie Court – Slaughter and May;

Law Firms: Slaughter and May;

Clients: PCCW Limited;

 

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Author: Michael Patrini