PAC CENT CYBER<1186> - Announcement
The Stock Exchange has received a message from PACIFIC CENTURY CYBERWORKS
LIMITED ("PCCW") which is reproduced as follows:
"PACIFIC CENTURY CYBERWORKS LIMITED
Announcement
At the EGM held today all necessary approvals from PCCW shareholders in
respect of its merger with HKT were obtained.
On 27 May 2000, Pacific Century CyberWorks Limited ("PCCW") announced that
a circular outlining the proposed acquisition of the entire issued share
capital of Cable & Wireless (HKT) Limited ("HKT") (the "Merger") and
convening an extraordinary general meeting (the "EGM") on 22 June 2000 had
been posted to PCCW shareholders.
PCCW is pleased to annonce that at the EGM held today all necessary
approvals from PCCW shareholders in respect of the Merger were obtained.
The Merger is being implemented by way of a scheme of arrangement between
HKT and its shareholders (the "Scheme"). HKT will convene a Court meeting
and an extraordinary general meeting of its shareholders on 3 July 2000 to
consider the Scheme.
Further announcements regarding the Merger will be made as appropriate.
By Order of the Board
Helen Chu
Company Secretary
Hong Kong, 22 June 2000
The Directors jointly and severally accept full responsibility
for the accuracy of the information contained in this announcement and
confirm, having made all reasonable enquiries, that to the best of their
knowledge, opinions expressed in this announcement have been arrived at
after due and careful consideration and there are no other facts not
contained in this announcement, the omission of which would make any
statement in this announcement misleading."
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