RESTRICTED
17502
MDADAN 1532
LETTERS OF INTENT FOR THE CIVIL WORKS CONTRACTS ASSOCIATED WITH THE CONVENTIONAL ISLAND. UNQUOTE.
4. AS INDICATED ABOVE HKNIC IS A WHOLLY OWNED SUBSIDIARY OF THE CHINA AND LIGHT AND POWER COMPANY. ITS 25 PERCENT CONTRIBUTION TO THE EQUITY CAPITAL OF THE JOINT VENTURE COMPANY AMOUNTED TO US DOLLARS 100 MILLION. APPROXIMATELY 38 PERCENT OF THIS INVESTMENT WAS PROVIDED DIRECTLY BY CLP : THE BALANCE WAS PROVIDED THROUGH BANK LOANS RAISED BY THE COMPANY IN HONG KONG. A HONG KONG GOVERNMENT GUARANTEE WAS PROVIDED IN RESPECT TO THESE LOANS.
WILSON
YYYY
ADVANCE
1.
HD/HKD
NNNN
DISTRIBUTION
1
2
PAGE
RESTRICTED