WWINTIKINI TAAL TE N
13
Appendix I
China's major property investments in Hong Kong
Year
Company
1978
China Resources Company
1978
New China News Agency
1979
1980
1978
1979
China Resources Company
Kiu Kwong, Bank of China. and Sun Co. (together own 80%), Hong Kong Land (15%) and Jardines (5%)
Investment
Bought 3 floors and a residential tower in Causeway Centre for HK$130 million.
Bought a whole building in Happy Valley for use as its local
headquarters at a price of HK$70 million from New World Development Co. Ltd..
Acquired a 6,000 square metres reclaimed site on Gloucester Road for HK$300 million.
Lok Yeung Sun Chuen MTR depot, investment total valued at HK$1 billion.
Kiu Kwong Investment Corp. 25-storey godown in Ltd.
Kwai Chung.
Kiu Kwong Investment Corp. Residential development Ltd.
1979
China Travel Service
(H.K.) Ltd.
1980
China Resources Company
at the new KCR station in Shatin.
Bought a godown site in
Hunghom for HK$33.8
million through its
subsidiary Hip Kee Godown (HK).
Construction of the
China Resources Building (53 storey main building together with an exhibition centre).