I-Cable Communications fall 38 pct as parent plans exit

i-CABLE Communications

10/03/2017 01:20

HONG KONG, March 10 (Reuters) - Shares of I-cable 
Communications Ltd  1097.HK  are set to open 37.6 percent down 
after parent Wharf (Holdings) Ltd  0004.HK  said it would not 
renew funding commitments to the firm on expiry. 
    The stocks is set to open at HK$0.58, the lowest since Jun. 
13. 
    Wharf said it would not provide further funding to the 
company on expiry of the current commitments and had no 
intention to increase its stake in the firm, exiting its 
investment in pay television and broadband internet businesses. 
 urn:newsml:reuters.com:*:nFWN1GM07F 
    Wharf also said it had terminated all discussions regarding 
sales of I-Cable. 
    Wharf shares are set to open up 4 percent.          
 
 (Reporting by Donny Kwok; Editing by Richard Pullin) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: WHARF HOLDINGS I CABLE COMMN/STOCKS