TNAG-1779-FCO40-2539-Hong-Kong-international-telecommunications-1988 — Page 297

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All
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Shareholders Equity + Capital & Revenue Reserves + 50% of increase in retained earnings

Source Scheme of Control Agreement

20%

EXHIBIT A2 OPERATION OF THE SCHEME OF CONTROL

Plus

Share Holders Funds

16%

Growth Investment

Permitted Return Excess

80%

Actual Return

Development Fund

Minus

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