Hutchison unit starts strong

Article Abstract:

Hutchison Telecommunication Australia Ltd. initial public offering was a big success after it made A$235 million from the transaction. The warm response to Hutchison's stocks was a clear indication of the potential of the rapidly expanding mobile-telephone market in Australia. Hutchison Telecommunications is 54% owned by Hutchison Whampoa Ltd. of Hong Kong while 16.5% is owned by Leanrose Pty. Hutchison sold 29.5% of the company through the public offering. The firm is building an A$500 million Code Division Multiple Access network in Sydney and Melbourne, Australia.

Sales, profits & dividends, Telecommunications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Telecommunications services industry, Telecommunications industry, Cellular telephone services industry, Cellular telephone services, Securities, Hutchison Telecommunications (Australia) Ltd.

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Sun Hung Kai, Sino Land form separate Internet ventures

Article Abstract:

Sun Hung Kai Poperties Ltd. and Sino Land Co. separately intend to launch their own Internet ventures. Sun Hung Kai is establishing a new company named Sunevision to concentrate on technology infrastructure and Internet-based commerce. The action will bring seven diverse companies under Sunevision's management.

Land Subdivision and Land Development, Marketing procedures, Real Estate, Real Estate and Rental and Leasing, Subdividers & Developers, Hong Kong, Advertising Activity, Subdividers and Developers, Real estate developers, Real estate industry, Sino Land Company Ltd., Sun Hung Kai Properties Ltd., Sunevision

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Companies band together to form an Internet venture

Article Abstract:

14 Australia companies form corProcure, an Internet marketplace for a variety of products, hoping to cut trading costs.

CorProcure

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