TNAG-2127-FCO40-3037-Investment-in-Hong-Kong-1990 — Page 56

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SERVECES SECTOR PROJECKS (

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following

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education, hospital

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banging.

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12

Government

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City Polytechnic at Kowloon Tong.

HK University of Science & Technology at Sai Kuma HX Museum of Science & Technology at Tsim Sha Teui

government hospitals

Mun, Chai

And North D

The Government wi11 spend $300 million technical college at sing YS.

East

build a new (5CP 20/4)

develop

Locally-listed Yoshiva maternational Corp, plans to an 18-hole golf course near Tin Shui Wai (total Lavestment around $500 milion). A Japanese group is also planning develop a 27-hole golf Course In the Naw Territories

Lion.

(HK Standard 90/1)

over So

Japanese department store group Hakyu has paid $70 for control of local Dragon Sced དྨེའུ། tment store chein

Moved

GOS

its

Japanese department Store group Yachan headquarters from Japan to HK and has purchased two ficoxs in tha HKCEC for $220 million for O ffice un. It is opening

fourth store in Tsuen Wan in 1990 with an nvestment $120 million, and La planning to spend $110 million marcers, and acquisitions in the local food and restaurant

R

255.

Japanese

With the

5/20)

department store group Seibu has signed

Swire group for 132,500 sq. ft. at the Pacific Place to open its first store in 1990. Its parent company paid $355 million for a 40% stake in the Local Wing On department store chains. Seiyu wil1 open 3 113.000 sq.ft. department store in Shatin in autumn 1990.

has

iSCMP ?9/12: 2tia

90/21

Jusce plans to open their second store at Harbour City in 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.

iSCHE SC/3!

is

1990

Marks & Spencer opened its Airst store in HK in 1988 and Planning

Open its fourth and fifth storea

HK Economic imes

California County Wine & Food of the US has bought 10cal Evergreen Store chains to astablish a retail base in HK for US products.

HK Economic Journal 89/11)

Lay