Dong Fang Gas Ltd is buying the property interests, including the Cyberport development of Hong Kong’s main fixed-line phone company PCCW Ltd for US$841 million. PCCW would then become a majority owner of Dong Fang, which will pay for the deal by issuing new shares and convertible notes to the telecoms firm. Cyber-Port Ltd, the…
CHINA: Dong Fang Gas to buy PCCW’s properties for US$841 million
Posted on March 10, 2004 by EnergyAsia