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PCRD up 15% on news of associate's stake sale

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Richard Li's PCCW is expected to be more active in M&A.

Singapore

PACIFIC Century Regional Developments (PCRD) shares went up 14.7 per cent, or five cents, to close at 39 Singapore cents on Monday, after its Hong Kong-listed associate PCCW said that it would sell its stake worth HK$8.53 billion (S$1.8 billion) in HKT Trust & HKT Ltd (HKT

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