TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 36

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CONFIDENTIAL

26

1

機密:

Kin Son Electronic (Holdings) invested in a 50:50

joint venture with Shanghai's Seagull Co. to

manufacture, distribute and service a wide range

of cameras under the

mainland.

Seagull brand name in the

Each partner invested HK$5 million in

the project. Production was planned to commence

in August 1991. Seagull has a share of about

'one-third in China's camera market.

Great Wall Electronic International Ltd. entered

into equity and co-operative joint venture

agreements with a factory in Wuxi to produce colour television sets. The production capacity

of the joint-ventures was set at 400 000 colour

television sets

Great Wall is

supplying designs and component parts, while the Chinese partner is responsible

for production and distribution in China's local

A small proportion of the equity joint

responsible for

market.

a

year.

venture's products are for export.

The Hong Kong Chung Shing Co. and the Shenzhen

Vanke Enterprises Ltd. together purchased a piece of land with an area of 55 400 square metres in

Shanghai for HK$117 million.

It will be

developed into a low-density villa.

The Hong Kong-based department store group, Yaohan International, invested in a joint-venture with the Shenzhen Sha Tau Kok Import and Export Corporation to set up the Shenzhen Sha Tau Kok

Yaohan Department Store in Zhong Ying Street in

Shenzhen. Yaohan has a

investment in the venture

million.

The

stake of 49%. Total

amounted to HK$21.9

department store was planned to

turnover in the first

open in July 1991, with

year estimated at HK$76.5 million.

CONFIDENTIAL

機密