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00008 PCCW
RTNominal down4.380 -0.060 (-1.351%)
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24/12/2021 11:51

PCCW (00008) sells shares of PCPD (00432)

[ET Net News Agency, 24 December 2021] PCCW Limited (00008) said Asian Motion, a
wholly-owned subsidiary of the company, entered into the SPA to dispose of the sale shares
(representing approximately 1.1% of the total number of ordinary shares of PCPD in issue)
to the purchaser by way of a market trade at an aggregate consideration of HK$13,005,000
(exclusive of transaction costs). Upon completion, the company's shareholding in PCPD will
be reduced to approximately 30.07% of the total number of ordinary shares of PCPD in
issue.
Following completion and the resignation of Ms Hui Hon Hing, Susanna from the board of
directors of PCPD with effect from 29 December 2021, PCPD will cease to be a subsidiary of
the company and will become an associate of the company. (RC)

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