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).
Law Firms: Slaughter and May;
Clients: PCCW Limited;