4 stories mentioning HKG:6823Updated 7m ago
Every FINWIRES story that references HKG:6823, newest first.
HKT (HKG:6823) unit Apex Link Communications completed the sale of 9% interest in Regional Link Telecom Services.The consideration for the deal was $209.5 million in cash, according to a joint bourse filing by the company and parent PCCW (HKG:0008).The parties had first entered into an agreement for the sale of interest in the investment holding company in March.
PCCW (HKG:0008) and HKT (HKG:6823) completed the sale of a 9% stake in Regional Link Telecom Services for $209.5 million in cash.The consideration was paid in full to HKT Group on Sept. 16, according to a same-day Hong Kong bourse filing.Regional Link Telecom Services will remain an indirect subsidiary of HKT following the transaction, the companies had said in March.
HKT Trust and HKT (HKG:6823) reported a 4% increase in attributable profit for the six months ended June 30 to HK$2.15 billion from HK$2.07 billion a year earlier, according to a Wednesday filing with the Hong Kong Stock Exchange.Diluted earnings per share rose to HK$0.2840 from HK$0.2732 a year earlier.Revenue for the period climbed to HK$18.7 billion from HK$17.3 billion reported in the comparable year-ago period.The company also declared an interim dividend of HK$0.348 per share, payable Sept. 3 to shareholders of record on Aug. 18.
S&P Global Ratings has placed a BBB long-term issue rating on HKT Capital's proposed U.S. dollar notes, according to a Tuesday release.HKT Capital and parent Hong Kong Telecommunications act as guarantors of the $3 billion medium-term note program under which the proposed notes will be issued, S&P said.The proposed notes' rating is in line with the company's issuer credit rating, considering limited subordination risk in the capital structure, S&P said.The company's rating reflects S&P's view that the group will sustain its leading status among Hong Kong's telecommunications players while maintaining steady debt leverage.The rating agency does not expect a significant change in the capital structure of Hong Kong Telecommunications and HKT Trust and HKT (HKG:6823), which fully owns the telco through HKT Group Holdings, following the issuance.The company plans to channel the proceeds from the issuance to refinance its debt maturities, the rating agency said.
