The report said lawmaker Albert Cheng and his colleagues were concerned whether the transaction hurt minority shareholders' interests, whether Leung was backed by other investors who might create a telecom monopoly, and if the deal was influenced by political pressure from
The announcement of the share sale came after two foreign groups,
Chinese state-owned phone operator China Network Communications, which owns 20% of PCCW, opposes any asset sale, saying it does not want to see telecom infrastructure on Chinese soil falling into foreign hands.
Instead, Li, the younger son of
Cheng said lawmakers planned to invite local financial officials and telecom regulators to attend the planned joint hearing by the legislature's information technology and financial affairs panels, which would not be held until at least August 4, the report said.