Tycoon Richard Li to sell HKEJ publisher to PCCW for US$9 million in asset reshuffle

Quick Summary:

PCCW to pay 0.69 times revenue for the unprofitable publishing firm, versus 0.64 times average of industry peers.

PCCW to pay 0.69 times revenue for the unprofitable publishing firm, versus 0.

The original cost of the acquisition was stated as US$38.5 million, according to the PCCW filing.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongChina

Topics: Journal Revenue Interest Economic Publisher Group Pccw Filing Hong Richard Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 19:07:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 198 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25574569

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #42

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