TNAG-1646-FCO40-2293-Chinese-investment-in-Hong-Kong-1987 — Page 9

II.

Year

1979

1979

1984

10

5

Industrial investments

Company

China Cement Co. (Hong Kong) Ltd.

(Kaiser Cement

Corporation of the

US - 40%

Cheung Kong

(Holdings) Ltd - 30%

Kiu Yip Investment Corp., a subsidiary of Kiu Kwong Investment Corp. Ltd. 30%)

-

Yu Lian Machinery Repairing Works Ltd affiliate of China Mercharts Steam Navigation Co. Ltd.

Sin King Enterprises Co. Ltd.

(Joint venture

of China Resources (Holdings) Co. Ltd. and the Bank of China)

Investment

Cement manufacturing.

The construction cost of the cement plant was estimated at

HK$1 billion.

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.

1985

Brummen Co. Ltd.

1985

Helios Industrial Ltd.

Acquired China Cement Co. A commitment of HK$1 billion was involved.

Set up for the

production of advanced communication systems.

(a 50 50 joint

venture between

Xinguang Industrial Products Import and Export Corporation of Sichuan and Howeton International of Hong

Kong)

1985

China Merchants

Steam Navigation Co.

Purchased Euro-Asia Dockyard on Tsing Yi Island.