TNAG-2783-FCO40-4002-UK-business-interests-in-Hong-Kong-Chinese-discrimination-ag-1993 — Page 75

MAR 93 08:19 M & CO 3. LOMBARD ST. 19

9.3

12:21 FAX 962 8459 005

11:20

Jardine Pacific Limited

.P.2/2..

PRIVATE OFFICE

952 8459 005

*** GHO

-2-

Public Relations Department

004/008 2003/003

that Sino-British

affected

if Chris

Li Lanqing, Minister of Poreign Economic and Trade had declared in a press conference last week trade relationship would inevitably be

Patten insisted on implementing his politicali teform proposal. The British Foreign Office responded promptly by saying that they regretted and were surprised

comments.

110té

Last December, share prices of stocks 0. Jardines'

companies plummeted after China launched a severe AlĻauk the Group. The market in general dropped substantially well. In a single trading day, Jardines'

Was

SuffereÖ

F

drop of 4.2%, which meant a loss of capitalisation up to $4.4 billion. However, as the Sino-British relations improved the beginning of this year, there

Speculation 414 Jardines' chairman Benry Keswick and director SAL Charles

Powell had met China officials of the local branch at

when they came to EK

attend

Jardine

Matheson Group

meeting.

share prices

NCNA's criticism or Jardines had made Jardines'

stay at low levels for more than two mcr thy.

that share prices of Jardines' ilsted companies have only recovered lost ground recently. Coupled with the good of favourable results announcements made dugng the past week, Jardines ' stocks performed well in the market. Yesterday, the closing prices of Jardines! stocks are: JMB $48.75, 498 $21.5, DF $11.6, HKL 13.1, MONG $7.5.

It is capected that

LOK Jardines' share prices will suffer Gore drastic drop after

China formally announces the general trade ban Against the Group, and invitably, the EX stock market in general will

suffer as well.

;

སྒྱུ་

D. Au

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