Citic's lofty property bid spurs optimism in colony

Article Abstract:

China International Trust and Investment Corporation Hong Kong Ltd. and its subsidiary Citic Pacific Ltd.'s successful $433 million bid for a former naval base called Tamar Basin in Hong Kong is considered the largest property sale in the colony for 1995 and is boosting confidence about China's investment plans in Hong Kong after 1997. The winning bidders intend to build an office tower which will serve as both headquarters and commercial space for other companies on the site by late 1998.

Investment Offices, Investment Companies, Open-End Investment Funds, Investments, Citic Pacific Ltd., Mutual funds, China International Trust and Investment Corporation Hong Kong (Holdings) Ltd.

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Hong Kong shifts on realty: office-property stocks will gain, some pros say

Article Abstract:

Analysts are advising investors to shift from Hong Kong property-development stocks to property-investment stocks. They favor the latter because they are still trading at attractive discounts to their net asset values. In addition, analysts expect commercial property prices to continue to increase due to growing demand from companies in mainland China. Their top property picks include Great Eagle and Hong Kong Land.

Real estate investment, Real estate investments, Securities

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Chairman's arrest not seen affecting operations at Emperor International

Article Abstract:

Emperor International Holdings Ltd. spokespersons stress that the company's operations will not be hampered despite the arrest of its chairman, Sonny Yeung Hoi-sing. Yeung was arrested for his possible involvement in an attempt to block judicial procedures. Yeung's arrest came after the Dec. 1994 arrest of his older brother, Albert Yeung Saushing, on charges of criminal intimidation and false imprisonment.

Officials and employees, Cases, Emperor International Holdings Ltd., Yeung Hoi-sing, Sonny

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