MAR 93 08:19 M & CO 3. LOMBARD ST. 19
9.3
12:21 FAX 962 8459 005
11:20
Jardine Pacific Limited
.P.2/2..
PRIVATE OFFICE
952 8459 005
*** GHO
-2-
Public Relations Department
004/008 2003/003
that Sino-British
affected
if Chris
Li Lanqing, Minister of Poreign Economic and Trade had declared in a press conference last week trade relationship would inevitably be
Patten insisted on implementing his politicali teform proposal. The British Foreign Office responded promptly by saying that they regretted and were surprised
comments.
110té
Last December, share prices of stocks 0. Jardines'
companies plummeted after China launched a severe AlĻauk the Group. The market in general dropped substantially well. In a single trading day, Jardines'
Was
SuffereÖ
F
drop of 4.2%, which meant a loss of capitalisation up to $4.4 billion. However, as the Sino-British relations improved the beginning of this year, there
Speculation 414 Jardines' chairman Benry Keswick and director SAL Charles
Powell had met China officials of the local branch at
when they came to EK
attend
Jardine
Matheson Group
meeting.
share prices
NCNA's criticism or Jardines had made Jardines'
stay at low levels for more than two mcr thy.
that share prices of Jardines' ilsted companies have only recovered lost ground recently. Coupled with the good of favourable results announcements made dugng the past week, Jardines ' stocks performed well in the market. Yesterday, the closing prices of Jardines! stocks are: JMB $48.75, 498 $21.5, DF $11.6, HKL 13.1, MONG $7.5.
It is capected that
LOK Jardines' share prices will suffer Gore drastic drop after
China formally announces the general trade ban Against the Group, and invitably, the EX stock market in general will
suffer as well.
;
སྒྱུ་
D. Au
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