CE 11
LA.***
}
3: w
-
16
Appendix II
China's major manufacturing investments in Hong Kong
Year
Company
1979
China Cement Co. (Hong Kong) Ltd.
40%
owned by Kaiser Cement Corporation of the US
Investment
Cement manufacturing.
The construction cost of the cement plant was estimated at
HK$1 billion.
30%
-
Cheung Kong
30%
-
(Holdings) Ltd
Kiu Yip Investment
Corp., a subsidiary
of Kiu Kwong
Investment Corp. Ltd.
1979
Yu Lian Machinery
Repairing Works Ltd affiliate of China
1984
Mercharts Steam Navigation Co. Ltd.
Sin King Enterprises
-
Co. Ltd. (Joint venture of China Resources (Holding) Co. Ltd. and the Bank of China)
Granted a site of 11.6 hectares on Tsing Yi Island for setting up a dockyard and floating dock. Total investment estimated at HK$100 million.
Acquisition of a
controlling stake
(34.8%) in Conic
Investment Ltd. at a
price of HK$178 million