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PCCW’s business trust proposed IPO

US$1,300.00 m
  • Entry date - Wednesday, 23 November 2011
  • Jurisdiction - China
  • Practice - .
  • PCCW’s business trust proposed IPO

  • Firm
    Conyers Dill & Pearman
  • Client
    PCCW Limited
  • Lead Lawyers
    Christopher Bickley, Richard Hall
  • Role
    Cayman Islands counsel to issuer
  • Firm
    King & Wood
  • Client
    PCCW Limited
  • Lead Lawyers
  • Role
    PRC counsel to issuer
  • Firm
    Reed Smith
  • Client
    PCCW Limited
  • Lead Lawyers
    Graham Winter, Michael Pepper
  • Role
    HK counsel to issuer


DEAL SUMMARY
·         $1.3 billion proposed IPO by PCCW into a publically listed business trust, the first of its kind in HK

·         If successful, dividends will be allowed to be paid by cash flow instead of earnings and will permit non-majority shareholder control

·         Reed Smith advised the issuer in a $2.1 billion privatisation proposal by Pacific Century and China Netcom in 2008, a deal ultimately blocked


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