CMIC close to cartoon agreement

Continental Mariner Investment Corp (CMIC) is close to signing an agreement with a Macau satellite television station to rent its channel to broadcast cartoon movies to China.

The red chip will spend HK$100 million over three years to rent the channel.

Saturday, 30 September, 2000, 12:00am

CMIC sees future in property sector

Continental Mariner Investment Co (CMIC) plans to continue to focus on real-estate development and infrastructure, according to company officials.

The company is also apparently trying to pull out of its shipping operations.

The company's fleet has been reduced to three ships from seven, and CMIC plans to sell the remaining ships.

29 Sep 1999 - 12:00am

CMIC clinches water deal

Continental Mariner Investment Co (CMIC) has formally clinched a deal with the Water Authority of Fuyang, Zhejiang, to set up a US$17.5 million co-operative joint venture to provide water supplies to the city for 20 years.

24 Jun 1997 - 12:00am

Poly sale

Mainland-controlled Continental Mariner Investment Co (CMIC) has sold down its stake in investment holding company Poly Investments Holdings to 49.33 per cent, from 59.85 per cent, for $108 million since Monday last week.

15 Jan 1997 - 12:00am

CMIC sale

Merrill Lynch Bangkok affiliate CMIC Finance & Securities has approved the sale of up to eight billion baht (about HK$2.44 billion) worth of debentures to fund lending and other expansion.

The money could be raised through a combination of debt sales in Thailand or abroad. The sales could also be equity-linked.

14 Jun 1996 - 12:00am

CMIC moves houses within group

Red-chip Continental Mariner Investment Co (CMIC) has announced it has reached conditional agreements to swap assets within its group.

3 Jun 1996 - 12:00am

Emperor again a mainland target

EMPEROR International Holdings is again the target of a mainland-controlled company in what appears to be another attempt at back-door listing.

Emperor International last night announced that Continental Mariner Investment Company (CMIC) has approached the company to acquire the controlling interest in Lolliman which is held by Emperor.

11 Jun 1993 - 12:00am