13
1989 Q1
A
PRC-interest
have
financial
group was reported to
taken part in the purchase of a number of
old but re-developable buildings in Wan Chai and
Tsim Sha Tsui for a total sum of HK$200 million.
Guangdong Enterprises. (Holdings) Ltd. expressed
keen interest in developing the site occupied by
the desalination plant at Castle Peak near the
Pearl Island into a wharf and godown area. The
project, if realised, would involve a total
investment of HK$10 billion.
China Resources (Holdings) Co. Ltd. acquired a
10% stake in Kwai Chung Container Terminals 4, 6
and 7 from Hutchison Whampoa for HK$1,325
million, which was financed by a syndicated loan.
China Overseas Property Co. Ltd. declared that
its property
development
concentrated in Hong Kong.
business would be
Together with the
Sino Realty and Enterprises Ltd., it bought a
site of 22 300 square metres at Taipo for HK$700
million.
1989 Q2
the
China Everbright Holdings Co. Ltd. took over a
50% share of
troubled Lotus Everbright CRT
Manufacturing Joint Venture from Hong Kong Lotus
Scientific Development, its previous co-owner.
was engaged in the production of
tubes.
amounted to HK$47
being responsible
The venture
cathode ray
The deal
million with Everbright also
for the debts incurred by Lotus Everbright, which
were estimated to have exceeded HK$102 million.
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