TNAG-2016-FCO40-2871-Relations-between-Hong-Kong-and-Japan-1990 — Page 62

90-10-25

16:41

BRITISH EMBASSY TOKYO

12

SERVICES SECTOR PROJECTS (including education; hospital.

cultural, retail, banking. telecommunications étc.)

хту

M

Government facilities

are

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Construction of following

under way;

City Polytechnic at Kowloon Tong.

HK University of Science & Technology at Sai Kung. HK Museum of Science & Technology at Tsim Sha Tsui.

government hospital in Tuen Mun, Chai WMA, East Kowloon And North District.

A

The government Hi11 spend $900 million technical college at Tsing Yi,

build a new

(SCNP 20/4)

develop

Locally-listed Yoshiva International Corp. plans to an 18-hole golf course near Tin Shui Wai (total investment around $500 million). A Japanese group is also planning develop a 27-hole golf course in the New Territories at Gort over $1 billion.

(KK Standard 90/1)

to

Japanese department store group Tokyu has paid $70 million for control of local Dragon Sced department store chein.

(ACMD 28/101

Japanese department store group Yaphan has moved its beadquarters from Japan to HK and has purchased two floors in the HKCEC for $220 million for office.uxo. It is opening fourth store in Tsuen Wan in 1990 with an investment of $120 million, and 13 planning to spend $110 million OT mergers, and acquisitions in the local food and restaurant busines

(C &5/201

signed

Japanese department store group Selbu has with the Swire group for 132,500 sq. ft. at the Pacific Place to open ¿to firkt store in 1990. Its parent company seiyu hap paid $356 million fox a 40% stake in the Aocal Seiyu will open a 113.000

Wing On department store chains. sq.ft. department store in Shatin in autumn 1990.

{SKF 9: Tôi

City in

Jusco plans to open their second store at Harbour mid-1990. Its parent the Aeon group is also planning to open

A 12,000 Sq. M. store in Lok Fu at cost $60 million and scheduled for completion by 1991.

SOME GỌ/3)

Marks & Spencer opened its first store in HK in 1988 and planning *O Open its fourth and fifth stores in 1990.

(HM Bconomie Mines

California County

Wine & Food of the US has bought local Evergreen Store chains to astablish a retail basa in HK for US products

(HK Economic Journal 89/1.1)

1

}