(ii) EQUITIES
CONFIDENTIAL
-
- 36 -
-
1987
HK$'000s
HK$'000s
1986
HK$'000s HK$'000s
Year End
Year End
Cost
Valuation
Cost
Valuation
Listed
Unlisted
332,479 332,479 332,479
3,082,575
3,415,054 1,115,054 3,415,054 1,115,054
332,479
782,575 3,082,575 782,575
The Fund has an equity stake in the following companies:
1987
1986 Percentage Percentage
held
held
Cable and Wireless (Hong Kong) Limited
(18,000,000 shares of $10 each)
20%
20%
The Cross Harbour Tunnel Company
Limited (30,774,255 shares of $1 each)
24.33%
24.33%
Hang Lung Bank Limited (500,000,000 shares of $1 each) (including 200 million shares acquired when the bank was taken over)
100%
100%
Hong Kong Air Cargo Terminals Limited
(60,000 shares of $100 each)
Overseas Trust Bank Limited
(333,055,356 Ordinary Shares of $1 each acquired when the bank was taken over and 2,000,000,000 Redeemable Preference Shares of $1 each)
The Hong Kong Building and Loan
Agency Limited (2,156,220 shares of $5 each)
CONFIDENTIAL
10%
10%
100%
100%
16.875%
16.875%