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5. WE SHALL HAVE TO DECIDE ON THE COURSE OF THE NEXT FEW DAYS ON HOW TO DEAL WITH THE HONG MEN BANK, TAKING ACCOUNT OF DEVELOPMENTS CONCERNING THE FUNG GROUP AND THE LATEST ENTENTION OF FIRST PACIFIC HOLDINGS. FIRST PACIFIC HOLDINGS ARE STILL INTERESTED IN ACQUIRIING THE BANK, BUT WE HAVE MADE IT QUITE CLEAR TO THEM THAT THERE IS NO QUESTPON OF THE EXCHANGE FUND EXTENDING FINANCIAL SUPPORT TO FACILITATE THE DEAL. OTHER BUYERS SEEM TO BE EMERGING. THE CHANCES OF A SUCCESFUL SALE OF THE BANK ARE STILL REASONABLE.
6. IF THE SALE DOES NOT GO AHEAD, WE SHALL HAVE TO CONSIDER OUR OPTIONS, WHICH MUST #NCLUDE LIQUIDATION.
7. THE LINE YOU MAY WISH TO TAKE AT THE AIRPORT OF QUEST PONED
IS THAT YOU UNDERSTAND THAT NEGOTIATIONS ARE STILL IN PROGRESS FOR THE SALE OF THE BANK. OTHER OPTIONS NEED NOT THEREFORE BE ADDRESSED
AT THIS STAGE.
8. IF THE SITUATION CHANGES BEFORE YOU LEAVE A FURTHER TELEGRAM WILL BE SENT. THE TIME TABLE SUGGESTS THAT NO DECHISHON NS LIKELY
TO BE TAKEN BEFORE YOUR RETURN.
AKERS-JONES
YYYY
HMLNAN 1722
MINIMAL
HID
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