HONG KONG (AP) - Hong Kong's securities watchdog is investigating PCCW Ltd.'s chairman after he purchased shares in the fixed-line operator before it announced the takeover of small mobile phone company, Sunday Communications Ltd., a news report said Tuesday.
The Securities and Futures Commission, or SFC, is also probing possible insider trading in shares of Sunday before the takeover was made public Monday, Dow Jones Newswire quoted an unidentified regulatory source as saying.
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