| | | Honk Kong Telephone Company, Limited - Hong Kong1985 | Beautiful certificate from the Honk Kong Telephone Company, Limited issued in 1985. This historic document was printed by NCR and has an
ornate border around it with a vignette of the company's logo and has an embossed corporate seal. The is also an elaborate watermark and this was printed on special counterfeit proof paper. This item has the printed signatures of the company's Directors and is over 20 years old.
Certificate Vignette
PCCW was formed by Li Tzar Kai, Richard, the younger son of Hong Kong tycoon and billionaire Li Ka Shing. Formerly Pacific Century Development, it was an investment holdings company. The English name of PCCW was changed from "Pacific Century CyberWorks Limited" to "PCCW Limited" on 9 August 2002. It then won a controversial land deal, acquiring valuable waterfront real estate from the government without any public auction bids. Many in Hong Kong cried cronyism, as Hong Kong chief executive Tung Chee Hwa gave away the land to his new high-tech residential and commercial venture called Cyberport. The biggest blockbuster deal, though, was the year 2000 acquisition of Hong Kong Telecom in August of 2000, which was formerly known as the Hong Kong Telephone Company (founded in 1925). Initially, HKT owner Cable & Wireless entertained a bid from Singapore Telecommunications, but there was local concern about a Singapore company owning the largest Hong Kong telephone system. PCCW entered the scene and offered Cable and Wireless PCCW stock and US$11 billion in bank loans. The acquisition vaulted PCCW from a small 1990s dot-com holdings company to the one of the largest corporations in Hong Kong. PCCW is now also the leading Internet service provider in Hong Kong, using the Netvigator brand for dialup modem and DSL service.
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