WHICH
uroud Managing director
1250 Faer, Hutchison House
10 Harcoun Road
Hong Kong
Talex: 73176 HILMK HX
Fax: 852-810 0705
Telephone 852-523 0161
다
n' Smita
Hutchison Whampoa Limited
Our Ref : SM/045/91
HWL
Private & Confidential
Mr. Peter Heap, C.M.G. Senior Trade Commissioner British Trade Commission 9/F Bank of America Tower 12 Harcourt Road Hong Kong
Dear Petar
Register
Destroy after
Received in Registry
22 JAN 1991
Desk Officer
INDEX
PA
PRIORITY
21st January, 1991
Re: The British Nationality Scheme ("the Scheme")
British Connections
-
Further to
discussions our
the other day, I
would like
clarify to
certain aspects of the status of Hutchison the four main companies within the K.S. Li Group Whampoa Ltd. ("HWL"),
Holdings Cavendish International Ltd.
("Cavendish"), Hongkong Electric Holdings Ltd. ("HKE") and Cheung Kong (Holdings) Ltd. ("Cheung Kong").
The
down
and
I have previously covered the subject of trade between our four companies and the United Kingdom. figure of £250 million between 1987 and 1989 breaks between
HKE 25% the four companies as
follows: HWL 50%, and the balance roughly split between Cheung Kong Cavendish. The purchases from the United Kingdom made by Cheung Kong and Cavendish relate largely for materials used in building construction and include HK$70 million for kitchen cabinet, $50 million on bathroom fixtures and $30
electronic million for
building
on-going
in the next 3 years.
I have
programme
equipment. these
Based
од their
figures
could
double
and
covered the subject of Ownership do not have much to add, but I enclose an organisational chart of the K.S.
K.S. Li Group which identifies the percentage holdings of the four companies, at Schedule One.
As you can see from this enclosed chart, Cavendish a 65% owned subsidiary of HWL. The 35% holding in HKE by Cavendish is clearly a controlling share.
is
seem to me,
therefore, that
under the HWL umbrella.
It would both HKE and Cavendish come
Vollars: SorokkalÍ
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