PCCW property unit says cash position at HK$1.8 bln

HONG KONG, Dec 8 (Reuters) - Pacific Century Premium Developments Ltd (0432.HK), a 61.5 percent-owned property investment unit of PCCW (0008.HK), said on Monday it had cash of at least HK$1.757 billion ($220 million) as of September 30, 2008.

Hong Kong fixed-line provider PCCW said on Sunday it had set a date of Dec. 30 for a shareholder vote on the privatisation of the company. The company also said on Sunday that chairman Richard Li, who also controls Singapore-listed Pacific Century Regional Developments (PCEN.SI) (PCRD), had been cleared to use his PCRD shares to vote on the PCCW deal.

China Netcom and PCRD had previously agreed to buy out PCCW for HK$15.941 billion. (Reporting by Donny Kwok; Editing by Jonathan Hopfner)