11
1988 Q1
1988 Q2
CITIC (HK)
entered into joint venture with the
Chiap Hua Group to build and operate a paper mill
in the Yuen Long Industrial Estate.
The Bank of China Group planned to increase its
stock-broking business by expanding the Chung Mao
Securities Ltd., which was owned by two of its
sister banks, namely the Po Sang Bank and the Sin
Hua Trust, Savings and Commercial Bank.
A
significant capital injection was to be expected
from the Group, in addition to the HK$6 million
capital already paid up for Chung Mao.
Chu Kong Shipping Co. Ltd. acquired, at a cost of
HK$109 million, a site of 8 124 square metres at
Tuen Mun for erecting godown, loading and unloading facilities.
The Guangdong Postal and
Bureau bought 10
Telecommunications.
Telecommunications
million shares in Hong Kong
Three subsidiaries of the Yue Xiu Enterprises
Ltd. were to be floated on the Hong Kong stock
market.
The Guangdong Enterprises (Holdings)
Ltd. also expressed interest in floating some of
its companies on the Hong Kong stock market.
Chung Mao
PRC-interest
Securities Ltd.. the largest
stock brokerage firm in Hong Kong in
turnover, enlarged its registered
capital base to HK$20 million from HK$7 million.
terms of
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