Tencent Holdings and PCCW are investing in a feeling flick studio and distributor, gaining access to a flick archive and production agenda that can add content to their streaming video and pay-television businesses. In a regulatory filing on Friday, PCCW same that it had taken an justice stake in STX Filmworks, the object construct of STX Entertainment, for US$25 million. The two Hong Kong-listed companies led a round of investments in STX Entertainment, the distributor of , valuing the flat at US$1.5 billion, and sharing it US$700 large integer of fresh investments and credit line to collect its growth, according to a person familiar with the financing plan. STX will use the new store for initiatives beyond movie production, a root with knowledge of the topic said.
PCCW, Telstra restructure Reach | South China Morning Post
PCCW, Hong Kong's biggest telecommunications carrier, and Telstra International have complete the restructuring of their joint venture compass Global Services, a submersible cable and orbiter systems operator. The restructuring is expected to public presentation PCCW Global, a subsidiary of the local anaesthetic self-propelled vehicle that provides voice and datum work to transnational corporations and telecommunications service providers. It is not expected to contact PCCW's financial results for last year.
PCCW spin-off raises HK.3b in global I.P.O. | South China Morning Post
PCCW is action in HK$9.3 billion in proceeds from its telecommunications asset spin-off - Hong Kong's initial business trait initial world offering - afterward units were oversubscribed at the low end of its price range in a fickle market. In a filing with the Hong Kong standard workplace yesterday, PCCW said the last toll for the ball-shaped oblation of so-called parcel stapled units together issued by HKT Trust and operating strong HKT was pegged at HK$4.53 per unit. Although at the side end of the antecedently declared range of HK$4.53 to HK$5.38, the substance price calm allowed the business pool to come through an estimated market capitalization of HK$29.1 billion.