GF 323
CONFIDENTIAL #Z
24
36.
(b) Fund raising in Hong Kong
Major fund raising exercises for China or
China-interest firms in Hong Kong in recent months are
reported below :
Borrower
Nature/Amount
Project
Bank of China
Syndicated loans
of DM 226.5 million
China
Syndicated loans
International
Steel
Investment
Company
To finance the
construction of
Tianjin Seamless
Steel Tube Plant.
To fund the
construction of
Zhujiang Steel
Mill which involve
a total investment
of around US$125 Mn.
Guangdong (HK)
Travel
Cosmo
Machinery
Enterprise
Syndicated loans
of around
HK$400 million
New shares of
around HK$54
million (after
deducting the
administrative
cost of floatation)
To finance a hotel
development project
in Hong Kong.
To finance operation
in China, Hong Kong
and South-east Asia.
37.
It was also reported that China International
Steel Investment Company planned to raise more funds in
the coming two years to finance five steel projects,
namely Ma An Shan Steel Mill, Taiyuan Steel Mill,
Guangzhou Steel Mill, Hunan Steel Mill and Wei Zhou Wan
Steel Mill.
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