CONFIDENTIAL
- 47
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There are contingent liabilities arising out of a guarantee
given pursuant to section 3(1) of the Exchange Fund Ordinance
to the China International Trust and Investment Corporation in connection with the Corporation's capital injection into The Ka
Wah Bank Limited. The exact amount of these contingent
liabilities cannot be determined at this time but is unlikely
to be more than $3,500 million.
There are contingent liabilities, the exact amount of which
cannot be determined at this time, but is unlikely to be more than $250 million excluding interest, in respect of an indemnity given pursuant to section 3(1) of the Exchange Fund
Ordinance to The Wing On Bank Limited in relation to its net
worth as at 26 June 1986.
CONFIDENTIAL