Trading in PCCW suspended
18-03-2009
Trading in PCCW shares has been suspended. No reason has been given, but it follows reports that regulators have widened their investigation into alleged rigging of a vote on PCCW's privatisation. The High Court is due to decide on April 1 whether the company's proposed HK$15.9-billion privatisation plan should go ahead. However, it's been suggested that the latest developments may delay the decision.
