TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 62

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1

CMSNC spent HK$170

million to acquire Eurasian

Enterprise (a subsidiary of the Island Navigation

Corporation Ship Management Ltd.) to expand its

ship repair business.

It also planned to

construct a multi-purpose pier on the site owned

by Eurasian Enterprise.

Bank of Communications planned to introduce a

capital market fund. This fund would invest

mainly in medium- and long-term bonds and commercial paper.

China Everbright Holdings Co. Ltd. planned to

invest about HK$1 billion to set up a factory in

Hong Kong to produce high tension transmission

lines.

1986 Q3

The

1986 Q4

Goldome Investment

and Development Ltd. set up a

factory in the Tai Po Industrial Estate to

produce tin plate. Total investment estimated at

HK$92 million.

CITIC (HK) planned to set up a

First-Pacific China Trade (HK)

precision moulds for electrical

telephones and

technology

computer parts.

factory with

to produce

appliances,

CAD/CAM

would be employed and the total

investment was expected to be about HK$13.2

million.

1987 Q1

taken

CITIC (HK) and a nother PRC-backed company, the China Civil Engineering Corporation, had together

a 30% interest in a consortium led by

Whampoa Ltd. and Hong Kong Electric Co.

with a view to participating in the Hunghom

Bay Development Project.

Hutchison

Ltd.