FRIDAY, JULY 23, 1993
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A GOVERNMENT SPOKESMAN SAID: "THE SALE OF OTB HAS BEEN ONGOING FOR THE LAST NINE MONTHS, ADOPTING A PROCESS WHICH WAS DESIGNED ΤΟ ENSURE THAT TERMS OF THE SALE ARE ACCEPTABLE TO THE GOVERNMENT AND THAT FAIR COMPETITION EXISTS AMONG POTENTIAL BIDDERS.
"WE ARE PLEASED THAT THIS PROCESS IS NOW NEARING SUCCESSFUL FRUITION. WHILE THE DETAILED TERMS OF THE AGREEMENT REMAIN TO BE FINALISED, WE ARE PLEASED TO SAY THAT AGREEMENT ON THE PRINCIPAL POINTS HAS BEEN REACHED AND THAT THE AGREEMENT WILL PROVIDE FOR A HIGH LEVEL OF PROTECTION FOR THE FUTURE OF STAFF OF OTB.
IN ADDITION THE CONSIDERATION REPRESENTS A SUBSTANTIAL PREMIUM OF HK$420 MILLION OVER THE ADJUSTED NET ASSET VALUE OF THE OTB GROUP AS AT JUNE 30 THIS YEAR WHICH IS CURRENTLY BEING AUDITED," THE SPOKESMAN SAID.
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BOUNDARY AND ELECTION COMMISSION APPOINTED
THE GOVERNMENT TODAY (FRIDAY) ANNOUNCED THE ESTABLISHMENT THE THREE-MEMBER BOUNDARY AND ELECTION COMMISSION (BEC), INDEPENDENT BODY TO TAKE CHARGE OF ELECTORAL MATTERS INCLUDING DELINEATION OF GEOGRAPHICAL CONSTITUENCY BOUNDARIES.
OF
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THE
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GEOGRAPHICAL COUNCIL AND
THE BEC, ESTABLISHED UNDER THE BEC ORDINANCE, WILL RESPONSIBLE FOR REVIEWING THE BOUNDARIES OF CONSTITUENCIES IN THE LEGISLATIVE COUNCIL, MUNICIPAL DISTRICT BOARD ELECTIONS.
IT WILL ALSO TAKE UP THE RESPONSIBILITY FOR THE CONDUCT AND SUPERVISION OF THESE ELECTIONS AFTER THE ADMINISTRATION HAS COMPLETED THE COMING BY-ELECTIONS FOR THE LEGISLATIVE COUNCIL REGIONAL COUNCIL FUNCTIONAL CONSTITUENCY AND THE REGIONAL, COUNCIL SAI KUNG CONSTITUENCY RESPECTIVELY.
THE BEC WILL SUPERVISE THE REGISTRATION OF ELECTORS, REGULATE THE PROCEDURE FOR ELECTIONS AND MAKE PRACTICAL ARRANGEMENTS TO ENSURE THAT ELECTIONS ARE CONDUCTED OPENLY, HONESTLY AND FAIRLY.
IT WILL ALSO REPORT TO THE GOVERNOR ON ANY MATTER KELATING ΤΟ AN ELECTION.
HONOURABLE MR JUSTICE WOO PERIOD OF THREE-AND-A-HALF PROFESSOR LEUNG CHI-KEUNG,
THE GOVERNOR HAS APPOINTED THE KWOK-HING AS CHAIRMAN OF THE BEC FOR A YEARS. MR ROBERT GEORGE KOTEWALL, QC AND JP HAVE BEEN APPOINTED AS MEMBERS FOR A TENURE OF THREE YEARS.
ALL APPOINTMENTS TAKE EFFECT FROM TODAY.
MR JUSTICE WOO, 47, WAS BORN IN HONG KONG AND IS FOUR CHILDREN. HE IS CURRENTLY A HIGH COURT JUDGE, THE BENCH IN 1992 AFTER YEARS OF PRIVATE PRACTICE IN BECAME A QUEEN'S COUNSEL IN 1987.
MARRIED WITH HAVING JOINED HONG KONG. HE
/MR JUSTICE