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PCRD urged to make 'truly fair' bid in the event of privatisation

Call made by an institutional investor as stake held by Richard Li-controlled vehicles tops 86%; PCRD has clarified in May that it was not aware of any privatisation proposal

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Hong Kong businessman Richard Li, son of Hong Kong tycoon, Li Ka-shing.

Singapore

NOTING that Pacific Century Regional Developments (PCRD) was "reducing its free float rapidly" and appeared to be headed for privatisation, an institutional investor has called for a "truly fair" offer to be made to minority shareholders in the event of a delisting.

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