Secretary for Financial Services & the Treasury Prof KC Chan says the Government will review Companies Ordinance legislation in the wake of  a Court of Appeal ruling that effectively blocked PCCW's privatisation bid.

Asked whether there was a need to change existing rules on share-splitting, Prof Chan said the Government had to wait for the court's judgment to be published, to study its advice first.

"We will consult the market and make reference to the existing legislation of other countries before we can come to a view, but we are looking at it," he said.

"I believe this current judgment from the court and the action taken by the Securities & Futures Commission are also examples of how the investors' interests are protected."