C
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(c)
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2
In
consequence, JM would find it impossible to
off-load the bulk of its shareholding (or
Land's assets) except at
prices.
grossly-depressed
(a) If JM then decided not to sell, Hong Kong Land
would have to be held at a considerable
markdown on its balance sheet.
Limited Opportunities
The source stated that the CPG would restrict JM's
opportunities within the PRC:
A.
(a) JM would be allowed
to
continue with its
existing ventures.
(b) But JM would be excluded, as far as possible,
from any new ventures.
Political Reconciliation Rejected
5.
and
The source stated that the efforts of Martin Barrow
other senior executives to
politically with the CPG had failed:
CONFIDENTIAL
recover lost ground
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