Sunday Communications

Sunday Communications Limited (branded as SUNDAY Communications) is a Cayman Islands incorporated holding company, but headquartered and listed in Hong Kong S.A.R., China. It is the parent company of a mobile network operator of Hong Kong, Mandarin Communications (do business as SUNDAY[6]).

Sunday Communications
TypePublic
IndustryMobile communication
Founded24 November 1999 (1999-11-24)[2][non-primary source needed]
Defunct2007[3]
Fateacquired by PCCW in 2005; dissolved in 2007 after its business was transferred to PCCW
SuccessorPCCW Mobile
Headquarters
Grand Cayman, Cayman Islands(legal)
Hong Kong S.A.R., China(de facto)
Area served
Hong Kong
Key people
Alexander Anthony Arena (Chairman)
Servicesmobile network operator
RevenueSteady HK$1,159 million (2005)
Decrease HK$156 million (2005)
Total assetsIncrease HK$2,685 million (2005)
Total equityDecrease HK$513 million (2005)
Owner
PCCW(79.35%)
Huawei(9.91%)
Number of employees
Increase 908 (Dec. 2005)
ParentPCCW Mobile Holding No.2 Limited
SubsidiariesMandarin Communications (trading as SUNDAY)
Websitewww.sunday.com
Footnotes / references
based on last annual report in 2005[4][5]

HistoryEdit

Sunday Communications Limited, was registered in Hong Kong as a foreign company in 2000;[3] it was a listed company on the Stock Exchange of Hong Kong since March 2000.[7][non-primary source needed] The group, via a subsidiary, Hong Kong incorporated Mandarin Communications (trading as SUNDAY), was a mobile network operator of Hong Kong; Mandarin Communications itself, was incorporated in 1994[3] and launched operations in 1997.[7][non-primary source needed] It provided 2G GSM, 3G, fixed line, and IDD services.[8][9]

The majority stake of Sunday Communications was acquired by PCCW, via a SPV, PCCW Mobile Holding No.2 Limited in 2005, from Distacom Communications, USI Holdings and other minority shareholders,[10][11][1] Sunday Communications sold Mandarin Communications and other businesses to PCCW as an intra-group transaction for HK$1.9435 billion and was delisted in 2006.[12][non-primary source needed] Mandarin Communications, was then renamed to PCCW Mobile HK in 2007;[3] Sunday Communications, as a subsidiary of PCCW, was dissolved in 2007.[3]

See alsoEdit

ReferencesEdit

  1. ^ a b "Mandatory unconditional cash offer..." (PDF) (Press release). PCCW and Sunday Communications. 9 September 2005. Retrieved 28 February 2018 – via Sing Tao News Corporation website.
  2. ^ "Report of the Directors" (PDF). 2000 Annual Report. Sunday Communications. 4 April 2001. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  3. ^ a b c d e Data in Hong Kong Companies Registry
  4. ^ "Consolidated Profit and Loss Account" (PDF). 2005 Annual Report. Hong Kong: Sunday Communications Limited. 18 April 2006. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  5. ^ "Consolidated Balance Sheet" (PDF). 2005 Annual Report. Hong Kong: Sunday Communications Limited. 18 April 2006. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  6. ^ "Definitions" (PDF). Prospectus. Hong Kong: International Elite – via Hong Kong Exchanges and Clearing website.
  7. ^ a b "Corporate Profile" (PDF). 2000 Annual Report. Sunday Communications. 4 April 2001. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  8. ^ "Sunday Communications Limited Company Profile", Yahoo Archived 2011-05-22 at the Wayback Machine
  9. ^ "Sunday Announces 3G Network Commercial Launch". China Tech News. 13 June 2005. Retrieved 28 February 2018.
  10. ^ Lau, Justine (13 June 2005). Written at Hong Kong. "PCCW returns to wireless with Sunday buy". Financial Times. London. Retrieved 28 February 2018.
  11. ^ Lee, Mark; Wong, Ka-chun (14 June 2005). "PCCW returns to mobiles with $1.94b bid for Sunday". The Standard. Hong Kong: Sing Tao News Corporation. Archived from the original on 9 March 2006. Retrieved 28 February 2018.
  12. ^ "(1) Very substantial disposal and connected transaction, (2) voluntary withdrawal of listing and proposed distribution" (PDF) (Press release). Sunday Communications. 7 November 2006. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  13. ^ "Board of Director" (PDF). 2000 Annual Report. Sunday Communications. 4 April 2001. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.

External linksEdit