After the completion of its merger with Cable and Wireless HKT Ltd. in August 2000, Pacific Century CyberWorks Ltd. was engulfed in complete teeth bear. By early April 2001, the company saw its share price fall by almost 90%. While many retail investors in Hong Kong were mourning their loss, some corporate insiders found clear route out and were able to make substantial profits. An interesting question to general investors was: if they followed the inside track, whether they were able to beat the market "Hide
Su Han Chan, Ko Wang, Maria Ho Source: University of Hong Kong, 20 pages. Publication Date: August 15, 2001. Prod. #: HKU147-PDF-ENG
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