Replies to post #4605 on Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

An interesting tid-bit to go along with your GX story...

Li Ka Shing May Invest Over US$1 Bln in Global Crossing: Paper
Dec 21, 2001 - 10:02:18 HKT
Quamnet News Service
Global Crossing is trying to reach a restructuring plan under which Li Ka-shing, chairman of Cheung Kong (0001) and Hutchison Whampoa (0013), would invest at least US$1 billion, the New York Times reported, citing people close to the situation. Singapore Telecommunications is also said to be considering a big investment. Deutsche Telekom could also become a large shareholder through a complicated multiyear deal to acquire capacity on Global Crossing's network, the U.S. paper said.

The investments would allow Global Crossing to avoid a protracted bankruptcy filing.