10
1987 Q3
Yue Xiu Enterprises Ltd. acquired a site in
Wanchai for hotel development. The land cost was
around HK$70 million, and an additional HK$300
million would be invested in building the hotel.
CITIC (HK) bought Asian House in Wanchai for
HK$350 million.
and
It
China Resources (Holdings) Co. Ltd. expressed
interest in the financing, construction
operation of the Tate's Cairn Tunnel.
intended to collaborate with the New World
Development Co.
Ltd., Aoki Construction and
Leighton Constructiion in bidding for the tunnel.
China Resources (Holdings) Co. Ltd. entered into
joint venture with the Swire Pacific Ltd. and
Shangri-la to develop one of the three hotels at
Pacific Place in Queensway, at a cost of HK$1.2
billion.
Guangdong
Emerald
Enterprises
(Holdings) Ltd. bought the
Hotel in Western District for HK$130
million, and a hotel which was under construction
on Waterloo Road for HK$412 million.
1987 Q4
China Merchants
Holdings
Co. Ltd. made an
independent bid for the construction and
operation of Kwai Chung Container Terminal 7, in
a move to expand its shipping business.
China Expand Development Ltd., a PRC-based
developer, joined Tak Wing Development under the
Private Sector Participation Scheme at Junk Bay.
CITIC (HK) joined the Kumagai Gumi Co. Ltd. and
Cheung Kong (Holdings) Ltd. to develop a large
residential and commercial complex at Lam Tin.
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