Lufthansa buys into local catering firm

Article Abstract:

The world's largest airline caterer LSG Sky Chefs has acquired a 60% stake in Gastro Primo, a Hong Kong-based company that produces high quality, processed food and supplies imported gourmet products to the airline and tourism industries. To meet growing demand, Gastro Primo is planning to open a modern, HACCP implemented food processing plant in 1999, which will increase variety and quality by utilising the latest technology and packaging techniques. *

Comment:

Acquires 60% stake in Gastro Primo, Hong Kong-based co that produces high quality, processed food

United States, Foreign operations, Food Services and Drinking Places, Prepared Perishable Foods, Perishable Prepared Food Manufacturing, Eating Places, Convenience foods, Restaurants, Gastro Primo, LSG/Sky Chefs Inc.

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China Star to make $19.5m placement

Article Abstract:

China Star Entertainment is placing 50 mn new shares with Thakral Corporation (HK), a distributor of home entertainment equipment and other consumer electronic products. The shares are priced at 40 cents each. China Star will use the net proceed, expected to be about HK$19.5 mn, to fund new projects in movie and television program distribution, as well as to acquire distribution rights for additional television programs. *

Comment:

Home entertainment eqp & other consumer electronic prods distributor acquiring 50 mil new shares in China Star Entertainment

Radio, TV, Music, Electronics Stores, Motion Picture and Video Distribution, Motion Picture & TV Distribution, China Star Entertainment, Thakral Corp.

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$300m shake-up at Sunday

Article Abstract:

Distacom Hong Kong will raise its stake in Mandarin Communications's Sunday network from 20% to 60% by paying HK$300 mn to four existing shareholders. Each shareholders' stake in Sunday will be cut by half. Lai Sun Development and USI Holdings each will hold 15% stake in Sunday. Meanwhile, Hong Kong Parkview Group and China Travel Service (Holdings) Hong Kong will own a 5% stake respectively. *

Comment:

Will raise stake in Mandarin Communications's Sunday network from 20% to 60% by paying HK$300 mil to 4 existing shareholders

Telecommunications, Telecommunications industry, Mandarin Communications, Distacom Hong Kong

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