CONFIDENTIAL
FM DTI
TO ROUTINE BTC HONG KONG
TELNO OTTER 325
OF 01160OZ NOVEMBER 91
CONFIDENTIAL
Cente
Bu to de. Stew (fi)
HKB 182/3
on retur
AM
12/9
123
126362
MDLIAN 1336
Mtuem 4/11 Ждиет
FOR HEAP FROM GALLAHER, PEP
HONG KONG AIRPORT: MEETINGS WITH KIER AND WARDLEY
RICHARD ROGERS AND JOHN GALLAHER HAD A USEFUL MEETING ON 28 OCTOBER WITH DAVID CROUCH, MANAGING DIRECTOR OF KIER INTERNATIONAL LTD TO REVIEW THE POSITION OF KIER IN REGARD TO
THE HONG KONG SCENE.
2. BY WAY OF BACKGROUND HE EXPLAINED THAT BEAZER PLC WAS A BRITISH COMPANY WITH THREE OPERATING ARMS, BEAZER (US), BEAZER (UK) AND BEAZER (ASIA) BASED IN HONG KONG. AS YOU KNOW, THE LATTER WAS 51 PER CENT UK OWNED WITH 49 PER CENT FLOATED ON THE HK MARKET. FRANKI KIER IS AN OPERATING COMPANY WITH BEAZER (ASIA), TO BE DISTINGUISHED FROM KIER INTERNATIONAL WHICH OPERATES IN HONG KONG AS KIER CHONG KONG) LTD.
3. AS YOU REPORTED AT THE TIME, KIER RECENTLY SOLD THEIR 51 PER CENT SHARE IN BEAZER (ASIA) FOR 33 MILLION POUNDS TO A GERMAN COMPANY WHICH THEREBY ACQUIRED FRANKI KIER. CONSEQUENTLY WITHIN THE CONSORTIA WHICH HAVE PREQUALIFIED FOR THE FIXED LINK WE HAVE ONE WHICH INCLUDES BOTH FRANKI KIER (NOW GERMAN) AND KIER CHONG KONG) LTD (UK INTEREST). KIER NOW HAS A SHARE OF ABOUT 10 PERCENT IN THE OVERALL CONSORTIUM.
4. DAVID CROUCH WAS KEEN TO ENSURE OUR UNDERSTANDING OF THE SITUATION AND TO EXPLAIN THAT KIER (HK) LTD RETAINED EXTENSIVE INTEREST IN PROJECT OPPORTUNITIES, THEIR SPECIALISM BEING IN THE FIELDS OF ROADS, UNDERPASSES AND THEIR EXPERIENCE WITH THE MTR. FRANKI KIER, ON THE OTHER HAND, HAVE STRENGTH IN HEAVY PILING AND FOUNDATION WORKS. THIS EXPLAINS ALSO FK'S INVOLVEMENT IN THE AIRPORT SITE PREPARATION CONSORTIUM AND THE ABSENCE OF KIER (HK) LTD. HE DECLARED HIS FUTURE INTEREST IN THE AIRPORT CIVIL WORKS, MENTIONING IN PARTICULAR THE TERMINA CONSTRUCTION, RUNWAYS ETC, AND THE WESTERN HARBOUR CROSSING. THEY ALSO HAD A STRONG INTEREST IN BLACK POINT.
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