HONG KONG, Feb. 10, 2011 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) is pleased to announce our updated Investor Engagement Global Schedule.
City Telecom is unique within the Hong Kong telecom industry. Rather than being backed by a large conglomerate, City Telecom was founded in 1992 by two entrepreneurial cousins, Ricky Wong, Chairman and Paul Cheung, Vice Chairman on family and friends start-up capital of C$100,000, and we have since relied heavily on the global public capital markets to fund our infrastructure investments over the past 19 years. As such, we see partnership with the public capital markets as being essential to our existence.
In August 2009, after a long infrastructure gestation period, we hired Elite IR and re-launched our Investor Engagement initiative. Since then, global institutional investors holdings of our free float has increased from about 10% to over 50% currently.
Upcoming Investor Engagement Global Schedule (Tentative)
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About City Telecom/Hong Kong Broadband Network Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) provides integrated telecommunications services in Hong Kong via its own self-built fibre network. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is the fastest growing broadband service provider in Hong Kong. HKBN offers a diversified portfolio of innovative products that service over 1,027,000 subscriptions for broadband, local telephony and IP-TV. The Company has built a solid market position with top-of-the-line applications and practices enabling it substantial growth. The company takes great pride in developing its over 3,000 Talent force into a competitive advantage. Additional information on City Telecom can be found at www.ctigroup.com.hk
CONTACT: City Telecom Ms. Jessie Cheng, Corporate Communications Tel: +852 3145 4118 Email: chengcm@ctihk.com Elite IR John Marco, Partner Tel: +1310 819 2948 Email: john.marco@elite-ir.com
