(88)14
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128
(xi)
to retain his level of
investment (as at 24
November 1987) in the
licensee company in
future.
If approval
is given, he will be
allowed to retain such
shares.
However, if
his shareholding were
to be reduced in
future, he would not
permitted
be
to
rebuild his holding,
other
than
in
accordance with the
new rules;
subject to (vi) to
(ix), no limit shall
be imposed on the
maximum percentage of
shares an individual
can hold in a licensee
company provided that
the individual is a
permanent resident of,
and
ordinarily
resident in, Hong Kong;
CONFIDENTIAL
Page 270Page 271
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