Mr. David Smith

British Trade Commission

X

- 2

1st February, 1991.

4.

Hong Tai Yuen Ltd. is a wholly owned subsidiary of Hongkong Realty & Trust Co., Ltd., a listed company and an associated company controlled by World International Group.

I trust the foregoing information meets your requirements.

with kind regards.

GWUL/IC

Yours sincerely,

THE WHARF (HOLDINGS) LTD.

G.W.J.

DEPUTY CHAIRMAN

& MANAGING DIRECTOR

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