HONG KONG, May 31 /CNW/ -- Pacific Century Group ("PCG"), a private investment
group controlled by Richard Li, refers to the news that it is part of the
consortium led by Cerberus Capital Management, which has expressed an interest
in exploring the possibility of acquiring BCE Inc of Canada. PCG confirms that
discussion with the consortium is still at an early stage with the level of
participation by PCG still undecided, but it is likely to be a minority stake.
Richard Li, who is Canadian, is the Chairman of both PCG and PCCW Limited
(PCCW). PCG has offered this opportunity to PCCW and PCCW has confirmed they
are not interested in participating in this investment.
About Pacific Century Group
Pacific Century Group is a private investment group controlled by Richard Li.
PCG's listed investments in the region include Pacific Century Regional
Developments Limited in Singapore and PCCW Limited in Hong Kong. PCG also has
property interests in India, Singapore, Hong Kong and China, and Japan.
For media inquiries:
For further information: Tim Payne, +852-6104-6266; Joseph Lo, +852-9850-5033,
both of Brunswick for PCG
CO: PCCW Limited
NI: FIN MNA LOAN MNA
-0- May/31/2007 12:48 GMT
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