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}
CONFIDENTIAL
機密
22
million and
constructing
In
two
Property
separate deals, Hong Kong Luen Yiu
Development Co. and Hong Kong Kwong Yiu
Property Development Co. are investing HK$40
HK$12 million respectively
two
in
commercial-cum-residential
buildings in
enterprise in
Guangzhou, with the same local
Guangzhou acting as partner in the
two projects.
32.
in
a
Hong Kong Kam Ma Investment Co. invested HK$12
million
constructing
commercial-cum-residential building in Guangzhou.
Bollas
International Group is investing US$23
million in a joint-venture with a local
enterprise in Anhui Province to build a 125 000
KW power plant in Hefei. Construction is
scheduled to start in November 1991 and will be
completed in one year.
Recently, an increasing number of Hong Kong
investors have been attracted to the property market in
Guangdong. The examples above reflect this interest. It
is the strategy of the municipal government of Guangzhou to
use foreign capital in re-developing the old urban areas.
33.
(b) China's investment in Hong Kong
Pacific
In October 1991, a consortium led by CITIC
(known as Tylfull until recently) took control of
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