HONG KONG (XFN-ASIA) - PCCW Ltd declined to comment on a report that its chairman Richard Li is making a fresh bid to exit the company after a previous failed attempt to sell his stake.
'We won't comment on any rumour or speculation,' company spokeswoman Joan Wagner told XFN-Asia.
The Standard newspaper reported that PCCW is in talks with potential buyers, including Middle East investors, for a stake sale.
Li is PCCW's largest shareholder, directly or indirectly holding a stake of 28.01 pct.
At 10.35 am, PCCW was up 0.03 hkd or 0.62 pct at 4.9.
(1 usd = 7.8 hkd)
roby.lau@xfn.com