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12
Yue Xiu
Enterprises Ltd. and the Lai Sun Group
agreed to jointly develop a site of nine hectares
at Tai Po Tsai in the vicinity of the University
of Science and Technology. The project was
intended for low-rise residential development.
Kong
CITIC (HK), together with two Hong
companies, Kader Industries Co. Ltd. and United Overseas Enterprise Ltd., and an Italian company,
undertook
an investment of about HK$500 million
a factory in the Yuen Long Industrial
producing plastic materials. Each of
these four partners contributed 25% of the total
equity.
to set up
Estate for
China
HK$2
Resources (Holdings) Co. Ltd. joined the billion Tate's Cairn Tunnel project, holding
a stake of 20%.
1988 Q3
China Resources (Holdings) Co. Ltd. bought a new
commercial/residential building in Wan Chai from
the Yu Tai Hing Co. Ltd. for HK$123 million for
use as staff quarters.
CITIC (HK) bought a commercial building at Tai
Kok Tsui from the Great Eagle Co. Ltd. for HK$260
million.
1988 Q4
CITIC (HK) increased its shareholding in the New
Hong Kong Tunnel Co. Ltd. (which operated the
Eastern Harbour Crossing) to 23.75% from 9.5% by
buying from the Kumagai Gumi Co. Ltd.
China Resources (Holdings) Co.
vacant factory
building
at Yau
Ltd. bought a
Tong for HK$70
million for re-development.
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