ว
- 5-
- On 25 July, five consortia bid for the largest
site ever sold in the Central business district.
It was a close fight won by a bid of US$350
million. Citibank has taken a 10% stake in the
project and one of the high-rise towers built
there will carry the name "CityCorp Tower"- a
practical demonstration of what their Hong Kong
Chief Executive Officers said "We intend to
stay".
- In one of the biggest private financings of an
infrastructural facility ever seen, Hong Kong
International Terminals secured a US$1.35
billion loan to construct two new container
terminals. The loan syndicate involved US,
Japanese and Hong Kong interests. The paper was
oversubscribed on issue.
-
Four consortia bid for the franchise to build
and operate the world's biggest cable TV
network. The successful tender brought together
USWest with Coditel of Belgium and Hong Kong
interests. They have pledged US$700 million to
build the system.
And there are many more examples.