HKT $1.1b block hints at ECM revival

PCCW offloads HKT Trust stake in Hong Kong’s first billion-dollar block trade in 10 months. That points at a likely revival in Hong Kong's slumbering equities market.

Equity deals in Hong Kong could build up in the coming few weeks after Hong Kong holding group PCCW sold a whopping HK$8.53 billion ($1.1 billion) of stapled units in its telecommunications unit HKT Trust at the weekend.

¬ Haymarket Media Limited. All rights reserved.

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