1985 H1
1985 Q3
LO
5
China Resources Purchasing Co. Ltd., a newly
established subsidiary of the China Resources
Co. Ltd., started implementing a plan
(Holdings)
to set up a supermarket chain.
CMSNC bought 25%, valued at HK$90 million, of the
total issued shares of the Far East Bank Ltd.
Acquisition of the China Cement Co. (HK) Ltd. by through their holding company named
PRC-interests
Brummen Co.
Ltd.
This involved a total
investment of HK$1 billion.
CMSNC agreed to invest HK$250 million in a hotel
project in Western District.
Hong Kong Macau International
Ltd., with several PRC-backed
its shareholders,
established
Investment Co.
organisations as
Dragon Airlines
Ltd. Subsequently in October 1985 Sir Y K Pao
became the major shareholder of Dragon Airline
Ltd., with Hong Kong Macau International
Investment Company retaining a 25% share.
The Bank of China and The Hongkong and Shanghai Banking Corporation jointly supported the Ka Wah
Bank Ltd. by offering the latter stand-by credit
lines.
1985 Q4
China
International
Trust and
Investment
rescue
Corporation (HK) Ltd. (CITIC) was involved in an
operation to
the Ka Wah Bank Ltd.
Subsequently in January 1986, it was announced
that CITIC would acquire a majority stake in the Ka Wah Bank after a capital re-structuring of the
Bank. Only shortly before then, CITIC obtained a
retail banking licence from the State Council.
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