TNAG-2016-FCO40-2871-Relations-between-Hong-Kong-and-Japan-1990 — Page 73

90. 10. 20

16:41

BRITISH EMBASSY TORVA

SERVICES SECTOR PROJECTS (including education; hospital.

cultural, retail, banking, telecommunications ęta.)

12

J

丁

**

P

Construction of following

under way i

Government facilities

City Polytechnic at Kowloon Tong.

HK University of Science & Technology at Sai Kung. HK Museum of Science & Technology at Tsim Sha Teus. government hospitals in Tuen Mun, grai WAR Kowloon And North District,

The government wi11 spend $900 million technical college at Tsing Yi,

EASE

O build 2 20W (SCNP 90/4)

Locally-listed Yoshiva International Corp. plans to develop 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 Naw Territories at Gost over $1 billion.

(KK Standard 90/1)

t

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

[

its

Japanese department Store group Yachan has moved headquarters from Japan to HK and has purchased two floors in the HKCEC for $220 million for office uxa. It is opening M fourth store in Tsven wan in 1990 with an investment $120 million, and 14 planning to spend $110 million MƏIVEIS, and acquisitions in the local food and rest

business.

Japanese

with the

department store group Selbu has signed

Swire group for 132,500 sq. ft. at the Pacific Place to open Ato first store in 1990. Its parent company Seiya has paid $356 million for a 40% stake in Wing on department store chains. Seiyu will open sq.ft. department store in Shatin in autumn 1990.

the local 113. 000

(SCMP ES/

Jusco plans to open their second store at Harbour City in mid-1990. Its parent the Aeon group is also planning to open 2 12,000 SC. m. store in Lok Fu at cost $60 million and scheduled for completion by 1991.

(SCMP SO/31

Marka & Spencer opened its first store in HK in 1968 and planning

open its fourth and fifth stores in 1990

I

US products

California County Wine & Food of the US has bought local Evergreen Store chains to establish a retail basa in HK for (HK Economic Journal 29/11)