HK court approves buyout of phone firm

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HK court approves buyout of phone firm
Oluşturulma Tarihi: Nisan 07, 2009 00:00

HONG KONG - A controversial, $2 billion takeover bid for Hong Kong's leading phone company won approval yesterday, overcoming a challenge from securities regulators who asserted the deal was marred by vote-rigging.

The decision by Hong Kong's High Court cleared the way for plans to take fixed-line operator PCCW private and delist from the stock exchange.

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