(A)
CONFIDENTIAL #2
機密
Annex B
(page 3)
Hyundai Engineering & Construction C. Ltd
Overall shortfall and proposed remedies
Hyundai's capital shortfall for meeting minimum listing requirements
Working Capital
US$303.5 million
Employed Capital :
US$ 87.5 million (say US$ 90.0 million)
(B)
Additional Working Capital Tsing Ma Bridge contract
required for undertaking
US$13.8 million
(C) Remedies proposed by HKG
(1)
(2)
Cash to be made available in Hong Kong (to cover shortfall in Employed Capital)
Letter of credit
(US$303.5 million
plus US$13.8 million less US$90 million = US$227.3 million,
say US$230 million)
US$ million
90
230
GF 323
CONFIDENTIAL #2