6
Again on the heavy investment side, Hong Kong
International Terminals went to the market for a
US$1.35 billion loan for the construction of two
new container terminals. The loan syndicate
brought together Hong Kong, American and Japanese
financiers. The interest rates were very fine.
The loan period extends beyond 1997 and the loan
paper was oversubscribed on issue.
These are only the largest examples of a steady stream of
foreign investment in Hong Kong. There are numerous others
to show that, far from losing its appeal, Hong Kong
continues to attract foreign firms from all around the
globe. Amongst those putting new manufacturing investment
in Hong Kong since June 4 are:
3M from the United States
Daido Concrete of Japan
NEC of Japan
Daiwa Steel of Japan
Multiform of Australia
Lambda Magnetics, a Japan/
-
(US$4.0 million]
=
· [US$10.3 million];
[US$4.2 million];
[US$6.4 million]
[US$1.2 million]; and
Hong Kong Joint Venture
-
(US$2.6 million).
Prominent amongst those who have recently set up regional
headquarters in Hong Kong is Walt Disney. Others include
Hayes Microcomputers (USA), who relocated from Singapore,
and McDonnel Douglas (USA), who moved from Shanghai.