Shoppers pay $1bn up front

Article Abstract:

According to estimates from Hong Kong's Consumer Council spending on prepayment and coupon schemes totals around HK$ 1bn, with the increasing interest in these schemes attributed to the attraction of discounts and free gifts. Main areas of prepayment include beauty salons, health clubs, magazine subscriptions, the Octopus travel card and department store vouchers. The Council has highlighted the risks of buying coupons in the light of the decision by video chain to invalidate all outstanding coupons, currently estimated at HK$ 36mn, from November 1998 because of cash problems.

Comment:

Hong K: Spending on prepayment & coupon schemes grows to around HK$1 bil due to attraction of discounts & free gifts

Sales & consumption, Other Services Related to Advertising, Couponing Services, Coupon services

---

Compass hopes to prove high-tech has home inHK

Article Abstract:

Compass Technology of Hong Kong, established in June 1997, is planning to begin production of tailor-made chip casings for telecoms companies by the end of October 1998, with output to increase from an initial level of 1mn units per month to 5-6mn units per month by the year 2000. Talks are underway with banks to raise HK$ 75mn needed towards capital expenditure, while future plans include a Nasdaq listing in 2000. *

Comment:

Plans to begin production of tailor-made chip casings for telecoms companies by the end of 10/98

Semiconductor and Related Device Manufacturing, Strategy & planning, Plastic Semicon Pkgs, Plastic semiconductor packages, Compass Technology of Hong Kong

---

Similar abstracts:

• Abstracts: French shareholders wake up. Compass gulps down French purchase. SCI wins auction for French funeerals giant PFG
• Abstracts: GDF plans to invest in high-tech, consumer goods projects to raise returns Chu Kong eyes new projects
• Abstracts: telecom investor tips sector integration amid slowdown shagnhai to raise public house rents by 50%
• Abstracts: Shaw group to put $600m in film site New hotel hopes for strong demand
• Abstracts: study to determind future pattern of textileindustry choke-hold goes on dirty diesel

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.