TNAG-2379-FCO40-3458-Hong-Kong-nationality-British-Nationality-(Hong-Kong)-Act-19-1991 — Page 78

1991-02-08 15:12 BRITISH TRADE COMMISSION

852 845 2870

F.15

37

LIST D (Cont"

Hutchison Transportation- 100% owned by HWL

Ltd

iNet Hong Kong Ltd

- 51% owned by HWL

International City Holdings Ltd

Mountain Cream

(International) Ltd

Park N Shop Lea

Total Energy Resources (Hong Kong) Ltd

Total Energy Services (Hong Kong) Ltd

Total Hutchison Energy Ltd

Watson Building Management Ltd

Watsons Pharmaceutical Ltd

Watson's The Chemist Ltd

Whampoa Property Management Lcd

Jazdino Matheson Group

of Companies

(See attached listi

50% owned by UWI

100% owned by HWL

15

50% owned by HWL

"

100% owned by HWL

"

it

In the view of the Advisory Commi

tee, this

group of 56 companies qualify under D (i), D (ii) and D (iii). Approval was based on the following:

1) over 25% of the equity of Jardine

Matheson Holdings & Co the apex of this

-

group is owned by BCs;

2) the operations of the group are managed by over 300 BCs;

Fleming

3) the group is involved in major joint venture operations such as Jardine (50/50 holding with Robert Fleming), Gammon Construction Ltd and Gammon Building Construction Ltd (both 50/50 holdings with Trafalgar Holice)

Tardine Riche Monde

(Jardines 25%, United Distillers/Guinness 37.5%, Moet Hennessey 37 5%) All the companies listed have a Jardines or Jardines plus British partner content of at least 50% with the exception of the Hong Kong Land companies who qualify under D (i) and D (ii). These companies are entirely British managed and Jardines have a 34% holding.