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HKT (Hong Kong Telecom)
HKT Limited (), also known as Hong Kong Telecom (), is one of the largest telecommunications companies of Hong Kong. It has a dominant position in fixed-line, mobile, IDD and broadband services in Hong Kong. HKT Group is a subsidiary of PCCW since 2000, after it was acquired from Cable & Wireless plc. The company, along with HKT Trust (), is a pair of listed corporations in the Hong Kong Stock Exchange, which the two corporations were bundled as one single stapled security. Corporate identities The former holding company of the group was Cable & Wireless HKT Limited (; former ticker symbol: 8), it was a subsidiary of Cable & Wireless plc. It was taken over and privatised by PCCW in 2000. PCCW also started to use the ticker symbol "8" after the takeover. Cable & Wireless HKT Limited was formerly known as Hong Kong Telecommunications Limited (), which was incorporated in 1987; it was renamed to Cable & Wireless HKT Limited in 1999, but renamed again to PCCW-HKT Limited in 2000; PC ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Fixed-line
A landline (land line, land-line, main line, home phone, fixed-line, and wireline) is a telephone connection that uses metal wires or optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses radio waves for signal transmission. Characteristics A corded landline telephone made by Siemens from c. 1997 Landline service is typically provided through the outside plant of a telephone company's central office, or wire center. The outside plant comprises tiers of cabling between distribution points in the exchange area, so that a single pair of copper wire, or an optical fiber, reaches each subscriber location, such as a home or office, at the network interface. Customer premises wiring extends from the network interface to the location of one or more telephones inside the premises. The telephone connected to a landline can be hard-wired or cordless and typically refers to the operation of wireless devices or systems in fixed ...
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Sino United Publishing
Sino United Publishing (Holdings) Limited () is Hong Kong's largest integrated publishing group, formed in 1988 from the integration of some of the historic publishing agencies. Its business includes publishing, distribution, retail, printing, RFID packaging design, art business, cultural exchanges. It has subsidiaries and affiliated agencies throughout Hong Kong and Macao, mainland China, Singapore, Malaysia, as well as in North America, Europe etc. Sino also invested resources to develop e-commerce and digital publishing business. Sino is based in Hong Kong, but has expanded in the overseas cultural market. The group aims to promote the Chinese culture, the responsibility to promote social progress.Lam, Jeffie (8 March 2015)"Hong Kong book giant in censorship row after returning title" ''South China Morning Post''. In 2015, '' Next Magazine'' revealed that the Liaison Office of the Central People's Government in Hong Kong had taken control of Sino United Publishing. Its head of ...
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Joint Publishing
Joint Publishing (), also known as Sanlian Press or SDX Joint Publishing, is a book store chain and publisher founded at Queen's Road Central in Hong Kong on 18 October 1948. Joint Publishing (Hong Kong) is one of major book store chains in Hong Kong and currently a subsidiary company of Sino United Publishing (Holdings) Limited. The Mainland China branches of the book store chain, such as SDX Joint Publishing and Shanghai Joint Publishing were owned by separate holding company of the Chinese government. Joint Publishing (Hong Kong)'s parent company Sino United Publishing, was owned by Chinese central government agency Hong Kong Liaison Office. History The book store was the result of a merger in 1948 between three leading Shanghai publishers and book stores, ''Life'' (), ''Reading'' () and ''New Knowledge'' (). The newly merged bookstore brought together all the names of its previous entities (), but was often referred to in English as SDX Joint Publishing, taking the first i ...
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Government-granted Monopoly
economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement. As a form of coercive monopoly, government-granted monopoly is contrasted with an '' unregulated monopoly'', wherein there is no competition but it is not forcibly excluded. Amongst forms of coercive monopoly it is distinguished from government monopoly or state monopoly (in which ''government agencies'' hold the legally enforced monopoly rather than private individuals or firms) and from government-sponsored cartels (in which the government forces ''several independent'' producers to partially coordinate their decisions through a centralized organization). Advocates for government-granted monopolies often claim ...
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Marconi Wireless
Wireless telegraphy or radiotelegraphy is transmission of text messages by radio waves, analogous to electrical telegraphy using cables. Before about 1910, the term ''wireless telegraphy'' was also used for other experimental technologies for transmitting telegraph signals without wires. In radiotelegraphy, information is transmitted by pulses of radio waves of two different lengths called "dots" and "dashes", which spell out text messages, usually in Morse code. In a manual system, the sending operator taps on a switch called a telegraph key which turns the transmitter on and off, producing the pulses of radio waves. At the receiver the pulses are audible in the receiver's speaker as beeps, which are translated back to text by an operator who knows Morse code. Radiotelegraphy was the first means of radio communication. The first practical radio transmitters and receivers invented in 1894–1895 by Guglielmo Marconi used radiotelegraphy. It continued to be the only type of r ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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John Pender
Sir John Pender KCMG GCMG FSA FRSE (10 September 1816 – 7 July 1896) was a Scottish submarine communications cable pioneer and politician. Early life He was born in the Vale of Leven, Scotland, the son of James Pender and his wife, Marion Mason. He was educated at Glasgow High School. He became a successful merchant in textile fabrics, first in Glasgow, then in Manchester (where he had a warehouse in Peter Street near The Great Northern Warehouse). He lived at Middleton Hall, County Linlithgow, Foots Cray Place, Sidcup, Kent, and Arlington House, 18 Arlington Street London. Telegraph companies In London 1866, John Pender was the leading financier/director and Chairman of the Companies involved who, with his colleagues, undertook the first successful laying of the transatlantic cable from Valentia Island off the coast of Ireland to Heart's Content, Newfoundland and Labrador. This cable was the most successful and commercially viable of all the transatlantic cables and was 100% ...
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Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the south of Cuba and northeast of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town on Grand Cayman, which is the most populous of the three islands. The Cayman Islands is considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. The territory is a major world offshore financial centre for international businesses and wealthy individuals, largely as a result of the state not charging taxes on any income earned or stored. With a GDP per capita of $91,392, the Cayman Islands has the highest standard of living in the Caribbean. Immigrants from over 130 countries and territories reside in the Cayman Islands. History No archaeological evidence for an indigenous ...
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Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ...
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Stapled Security
A stapled security is a type of financial instrument. It consists of two or more securities that are contractually bound to form a single salable unit; they cannot be bought or sold separately. Stapled securities have especially been used in Australia; stapling is relatively uncommon in the rest of the world. The two parts of the salable unit are usually (a) a share in a company and (b) a unit in a trust related to the company. For example, a company that manages a trust may have units of the trust attached (stapled) to the shares of the company. The company may be responsible for managing the fund and development opportunities, and may charge the trust a fee. The trust, in turn, is the legal owner of the property assets. For example, a unit of shares in a company can be bound to unit of an investment trust An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are there ...
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Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ...
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