CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 896
OF 261010Z MARCH 92
CONFIDENTIAL
(14
14)
032070
MDLIAN 4869
TOP COPY Q DIST?
PERSONAL FOR RICKETTS, HKD FROM GOVERNOR.
19
MY TELNO 525: JARDINES.
নক
2713
1. HENRY KESWICK AND SIR CHARLES POWELL CALLED ON ME ON 23 MARCH. THEY WERE HERE FOR ONE OF THEIR REGULAR VISITS TO HONG KONG FOR JARDINES' BOARD MEETINGS AND THE ANNOUNCEMENT OF THE ANNUAL RESULTS.
·
2 I ASKED WHETHER JARDINES WERE SATISFIED WITH PROGRESS ON THE LISTING ARRANGEMENTS. KESWICK SAID QUOTE SO FAR, SO GOOD UNQUOTE. POWELL SAID THAT JARDINES HAD JUST ABOUT REACHED AGREEMENT ON
THEIR PRIMARY AND SECONDARY LISTINGS. THIS STILL LEFT THE TAKEOVER CODE, WHICH THEY HAD AGREED TO PUT ON ONE SIDE. HE HAD DISCUSSED THIS WITH FS AND ROBERT OWEN DURING HIS VISIT. THEY WERE PLEASED THAT WE WERE WILLING TO LOOK AT THIS ISSUE AGAIN IN THE AUTUMN, INCLUDING THE QUESTION OF HOW ONE DEFINED A PUBLIC COMPANY IN HONG KONG.
3. FOR THE MOMENT AT LEAST, THE HEAT HAS GONE OUT OF THIS ISSUE.
WILSON
YYYY
DISTRIBUTION
32
MAIN
31
LIMITED
HKD
PS/PUS
SIR J COLES
ECONOMIC ADVISERS
MR BAYNE
PS
MR BURNS
PS/LORD CAITHNESS
ADDITIONAL
4
MR YAXLEY HKGO L
NNNN
PAGE 1 CONFIDENTIAL
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