HK Parkview not to sell SUNDAY stake

Hong Kong Parkview (0207) Chairman George Wong notes that for the moment the company has no intention to sell the 3% stake held in SUNDAY Communications (0866) since SUNDAY has just obtained the 3G mobile telephony licence. Hong Kong Parkview is bullish on the outlook of SUNDAY, adding that the decrease in SUNDAY's share price has not caused paper loss to Hong Kong Parkview. However, he does not rule out the disposal of the stake in SUNDAY if it lacks in capital for further development in the PRC. But it stresses that at present it has no such a need.

Related stock : (866)(207)