TNAG-1370-FCO40-1816-Relations-between-Hong-Kong-and-China-1985 — Page 46

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Appendix II

China's major manufacturing investments in Hong Kong

Year

Company

1979

China Cement Co. (Hong Kong) Ltd.

40%

owned by Kaiser Cement Corporation of the US

Investment

Cement manufacturing.

The construction cost of the cement plant was estimated at

HK$1 billion.

30%

-

Cheung Kong

30%

-

(Holdings) Ltd

Kiu Yip Investment

Corp., a subsidiary

of Kiu Kwong

Investment Corp. Ltd.

1979

Yu Lian Machinery

Repairing Works Ltd affiliate of China

1984

Mercharts Steam Navigation Co. Ltd.

Sin King Enterprises

-

Co. Ltd. (Joint venture of China Resources (Holding) Co. Ltd. and the Bank of China)

Granted a site of 11.6 hectares on Tsing Yi Island for setting up a dockyard and floating dock. Total investment estimated at HK$100 million.

Acquisition of a

controlling stake

(34.8%) in Conic

Investment Ltd. at a

price of HK$178 million