GF 323
CONFIDENTIAL
26
機密
CITIC
plan
Hongkong
to
and CITIC Pacific have announced a
inject HK$0.84 billion into a new
consortium as working capital for building the Western Harbour Crossing. The composition of this
consortium is as follows:
응 stake
Cross Harbour Tunnel
37
CITIC Hongkong
25
CITIC Pacific
10
China Merchants Holdings
13
Kerry Group
15
100
32.
The total cost of the project is estimated at HK$7.5 billion, of which about HK$5.1 billion will
be financed by borrowing.
its
China Resources (Holdings) has increased
share-holding in the Hongkong Chinese Bank from 15% to 50%, with a capital of HK$509 million.
In the Hong Kong stock market, several state-owned enterprises in China, including Beiren Printing, Guangzhou Shipyard, Shanghai Petrochemical and Tsingtao Brewery, have successfully raised funds through new share issues since June. Altogether nine such enterprises are scheduled for
listing on the Hong
Kong Stock Exchange (23).
More can
(23) On
19
June
1993,
а Memorandum of Regulatory Co-operation was signed between the Hong Kong Stock Exchange Limited and the regulatory authority in China. Under the Memorandum, a new class of H shares is allowed to be issued by mainland companies for listing on the Hong Kong Stock Exchange.
By early September, a total of four out of these nine enterprises have been so listed, raising a total of HK$2.9 billion. Besides, a non-state-owned Chinese enterprise, Stone Electronic Technology Limited, has also been newly listed, raising HK$0.2 billion.
CONFIDENTIAL
機密
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