90.10. 20
16:45
BRITISH EMBASSY TOKYO
Dai-ichi Katei,
major Japanese retailer!
14
consumer
consumQZ
of
One
for
1 tronics, has purchased local retail chuin slectronics and home appliances "System
$45.4
(T/OS CRDS)
Zackla, a US retail chain of frozen yogurts, plans to set up a chain of specialty 2 Cozes in HX through licensing (HK Economia Times 9073)
.ncements.
** French department store chain Galeries Lafayette is looking for a local partner to open a K branch of the department (SCMB 90/41
*
The first local cable TV franchise has bech awarded in August 1989
A consortium involving American telecommunications operator US West and Coditel SA O Belgium in addition to local partners. About $5.5 billion will be spent to build the cable network end the system is expected to be operational by 1991.
¡ (SCM: 89/8)
* Europe's Bacond largest insurer, 1'Union dea Assurance de
Paris, has been granted licence to operate As
a life insurer in HK.
New bank licences have recently bean granted to Rabobank Nederland and Nishi-Nippon Bank, the first two granted after June 1989. The number of licensed banks in HK How totals 166, of which 135 are foreign banks.
#yrs
ठ)
E
INDUSTRIAL INVESTMENTS
of
the US is building
1
1
1
}
D
"silicon Harbour"
Motorola 330.000 *.
at Tai Po Industrial Estate to menufa state-of-the-art semi-conductors, at cost US$100 million and due for completion in late 1990.
(5CXF &3/8)
GD Plastics, a subsidiary of the General Electric Co. of the US. plans to build a thermoplastics compounding planc ac
Yuen Long Industrial Estate.
US
(HK Standard 88/12)
electronics manufacturer Molex has opened a $90 plant in Sha Tin to manufacture electronic
Alpha Metals
milliot
connectors
Metals
the Far East headquarters of US Alpha Inc. and a leading Aupplier of solder/soldering chemicals to the electronics industries in S.E. Asta, has opened $62.4 million plant in Yau Tong Bay to double dte production capacity.
Construction
to
by
Himons manufacture
a $60 million technical centre of of the US at Ta: Po Industrial Estate polypropylene composites has been completed in March 1990.
Inc.
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