THURSDAY, JANUARY 14, 1988
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NEW LICENCE FOR JET-WAY TRAVEL
THE REGISTRAR OF TRAVEL AGENTS HAS ISSUED A NEW LICENCE TO JET-WAY TRAVEL AND TOURS SERVICE (BEAU-RAY Co. LTD.) FOLLOWING THE GOVERNMENT'S APPROVAL OF A CHANGE OF OWNERSHIP AND CONTROL OF THE COMPANY.
THE NEW LICENCE, WHICH WILL BE EFFECTIVE FROM TOMORROW (FRIDAY), WILL ENABLE JET-WAY TRAVEL AND TOURS SERVICE ΤΟ RESUME BUSINESS AS A TRAVEL AGENT OPERATING OUTBOUND TRAVEL SERVICES.
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"UNDER A FINANCIAL RESTRUCTURING PACKAGE, JET-WAY TRAVEL AND TOURS SERVICE HAS BEEN PLACED UNDER NEW MANAGEMENT AND OWNERSHIP, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).
"THE CHANGE OF OWNERSHIP AND CONTROL OF JET-WAY TRAVEL AND TOURS SERVICE AND THE GRANTING OF THE NEW LICENCE WERE APPROVED UNDER SECTIONS 16 AND 18 OF THE TRAVEL AGENTS ORDINANCE WHICH ENABLE THE REGISTRAR TO REVOKE AN EXISTING LICENCE AND ISSUE A NEW ONE WHERE APPROVAL IS GIVEN TO A CHANGE OF OWNERHSIP AND CONTROL OF A LICENSED TRAVEL AGENT, HE ADDED.
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THE SPOKESMAN SAID THE LICENCE OF JET-WAY TRAVEL AND TOURS SERVICE WAS SUSPENDED ON NOVEMBER 26 LAST YEAR UNDER THE TRAVEL AGENTS ORDINANCE FOLLOWING AN INVESTIGATION INTO THE BUSINESS OF THE COMPANY WHICH LED THE REGISTRAR OF TRAVEL AGENTS TO CONCLUDE THAT THE AGENCY HAD BEEN CARRYING ON BUSINESS CONTRARY TO THE PUBLIC INTEREST.
THE ISSUING OF THE NEW LICENCE AND THE REVOCATION OF THE OLD LICENCE (NO. 350002) WILL BE ANNOUNCED IN THE GOVERNMENT GAZETTE.
OVERSEAS INVESTMENT IN SUPPORTING INDUSTRIES ENCOURAGED
THE GOVERNMENT ACTIVELY ENCOURAGES OVERSEAS INVESTMENT IN THE SUPPORTING INDUSTRIES AND THERE HAS BEEN A NOTICEABLE INCREASE IN SUCH INVESTMENT IN RECENT YEARS, THE DIRECTOR OF INDUSTRY, MR K.Y. YEUNG, SAID TODAY (THURSDAY).
LTD.
·
MR
SPEAKING AT A RECEPTION GIVEN BY KYOWA INDUSTRIAL CO. YEUNG SAID HONG KONG HAD NOW BECOME MORE CAPABLE OF SUPPLYING PRECISION PARTS, COMPONENTS AND MECHANISMS FOR MANY FINISHED PRODUCTS,
PARTICULAR OFFICE AUTOMATION MODULES, ELECTRICAL APPLIANCES AND MOST ENGINEERING PRODUCTS.
IN
EQUIPMENT,
ELECTRONTO
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