The company, controlled by Richard Li, attributed the suspension to “speculative press reports over the past few days which . . . may potentially be price sensitive”.
On February 1 David Webb, a Hong Kong shareholder activist, said he had reported an alleged “vote-rigging plan” to the territory's regulator and anti-corruption agency.
According to Mr Webb, he received an anonymous tip-off that “hundreds of insurance sales agents” had been offered PCCW shares in return for voting for the privatisation offer.
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