4
1984
Everbright
Industrial
Corporation contracted to
buy eight blocks of residential flats at a price
of HK$1 billion from Cheung Kong (Holdings) Ltd.
But this deal was cancelled several months later.
Everbright Industrial' Corporation joined with
Sino Realty Enterprises and other partners to buy
the Admiralty Site II for a price of HK$380
The site was intended for office and
million.
hotel development.
Everbright Industrial Corporation bought a site
of 3 000 square metres at Yuen Long for building
an apartment and a commercial complex.
.
Sin King Enterprises Co. Ltd. (joint venture of
China Resources (Holding) Co. Ltd. and the Bank
of China) acquired a controlling stake (34.8%) in
Conic Investment Ltd. at a price of HK$178
million.
Shun Yip (SZ) Trading Company joined with Kumagai
Gumi to acquire a hotel site at Tsim Sha Tsui
East at a price of HK$190 million.
Perfect Mount (representing mainly Fujian and
Guangdong interests) developed a residential
complex at Shaukiwan MTR station at a cost of
HK$200 million.
China Development Finance Co. (HK) Ltd., a
registered deposit-taking company acting as the
merchant banking arm of the BOC Group in Hong
Kong, put up a HK$300 million medium term loan to
MTRC. This was the first significant loan by the BOC Group to a local public utility company.
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