TNAG-2032-FCO40-2895-Visit-by-Douglas-Hurd--Secretary-of-State-for-Foreign-and-Co-1990 — Page 88

JAN 15 '230 09:33

HK GOVT 682 840 1821

75,

BY

FAX

From: STI (John Chan)

Date: 15 January 1990

HKB 026)

RECEIVED IN

GH (Leeks)

No. of pages: One

DES

INDEX

0 8 FEB 1990

EGISTRY

ction Taken

Material for S of S's Speech

Following are

L

Some

23%

(VISIT)

Figures on

significant post-June 4 foreign investments in Hồng Kong manufacturing sector:

2.

(a) ICI/Swire Paints (UK/HK joint venture)

(b)

(c)

(a)

(e)

(£)

Investment of HK$160 million in a HK-based regional trading and manufacturing package.

Advanced Semiconductor Assembly Technology

(Europe/Singapore)

Investment of HK$120 million in a semiconductor assembly house.

Daido Concrete Co. Ltd. (Japan)

Investment of HK$80 million to expand production of steel and concrete composite piles.

NEC Corporation (Japan)

Investment of HK$33 million for producing personal computers, disk drives and low-end printers.

Lambda Magnetics Ltd. (Japan/HK joint venture)

Investment of HK$20 million to manufacture flopPY disc plastic envelopes and casette boxes.

Multiform (HK) Ltd (Australia)

Investment of HK$9 milion for major expansion and introduction of latest printing technology.

Major investments (other than

include the following:

(a) Garden Road site

Sold for HK$2.7 billion.

manufacturing)

Citicorp is a partner

(precise share unknown but believed to be about 18%).

(b)

Cable TV/telecommunications network

Ends.

Total investment will be over HK$5 billion.