It is decision time for Richard Li, chairman of Hong Kong's largest telecommunications company, as his directors and shareholders await a possible offer to take the company private.

According to people close to the situation, Mr Li and Pacific Century Regional Developments, his Singapore-listed holding company, are mulling over an offer for PCCW, shares in which closed at a record low of HK$2.75 before being suspended on October 14. PCRD's shares were also suspended last week.