XN000022-1984-07-04 — Page 18

17

WEDNESDAY, JULY 4, 1984

SALES OF SHARES ANNOUNCED

****

THE CHAIRMAN OF THE COMMITTEE ON TAKEOVERS AND MERGERS, UNDER RULE 29 OF THE HONG KONG CODE ON TAKEOVERS AND MERGERS, ANNOUNCED TODAY (WEDNESDAY) THAT THE FOLLOWING DISCLOSURES HAD BEEN MADE TO HIM IN CONNECTION WITH THE CURRENT OFFER BY FIRST PACIFIC HOLDINGS LIMITED TO ACQUIRE THE ISSUED SHARE CAPITAL OF FIRST PACIFIC FINANCE LTD:

(1)

(2)

FIRST PACIFIC H.K. SECURITIES LTD SOLD ON JUNE 20, 1984 6 000 SHARES IN FIRST PACIFIC HOLDINGS LIMITED AT $2.85 PER SHARE.

FIRST PACIFIC H.K. SECURITIES LTD SOLD ON JUNE 25 1 000 SHARES IN FIRST PACIFIC HOLDINGS LIMITED AT $2.80 PER SHARE.

(3) FIRST PACIFIC INVESTMENTS LTD PURCHASED ON JUNE 29 80 000 SHARES IN FIRST PACIFIC HOLDINGS LIMITED AT $2.70 PER SHARE.

LAM TIN ESTATE HOMES FOR 28 000

-

*****

A LARGE EXTENSION PROJECT IS FAST TAKING SHAPE AT LAM TIN ESTATE IN EAST KOWLOON TO PROVIDE MODERN HOMES FOR 28 000 MORE PEOPLE.

+ CONSTRUCTION WORK IS TO BEGIN THIS MONTH ON THREE HOME OWNERSHIP SCHEME BLOCKS UNDER ITS FIRST PHASE, + SAID A SPOKESMAN FOR THE HOUSING AUTHORITY TODAY.

HE SAID SITE FORMATION HAD JUST BEEN COMPLETED FOR THREE RENTAL BLOCKS UNDER THE SECOND PHASE.

+ON COMPLETION BY 1986-87, THESE SIX BLOCKS WILL HOUSE 17 000 PEOPLE IN 1 680 HOS AND 2 448 RENTAL FLATS.+

THE SPOKESMAN SAID THE THIRD, AND FINAL

AND FINAL, PHASE OF THE EXTENSION PROJECT WOULD SEE MORE BLOCKS BUILT TO PROVIDE HOMES FOR YET ANOTHER 11 000 PEOPLE BY 1990.

+ THE EXTENSION ESTATE WILL BE COMPLETE WITH A WIDE RANGE OF FACILITIES, INCLUDING A COMMERCIAL CENTRE, A SECONDARY SCHOOL, CARPARKS, SHOPS, RECREATION AREAS AND MARKETS.+

/18

ITH