February 12, 2017 / 10:48 PM / a year ago

BRIEF-Pccw announces placing of share stapled units of the Hkt Trust and Hkt Limited

Feb 13 (Reuters) - PCCW Ltd

* Placing Of Share Stapled Units Of The Hkt Trust And Hkt Limited

* Vendor and company entered into placing agreement with placing agent

* Gross proceeds from placing will amount to approximately hk$8.534 billion

* Placing agent to procure placees to purchase, or failing which to purchase itself, ssus to be sold by vendor, at hk$10.15 per ssu

* Co intends to use proceeds for general corporate purposes of group including further investments in core businesses of media and solutions

* Vendor is Cas Holding No. 1 Limited Source text for Eikon: Further company coverage:

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