• Mon
  • Sep 22, 2014
  • Updated: 12:38am

Owned Subsidiary

Is it right?

Could someone please assure me that it is in the best interests of Hong Kong commuters to have one of its public transport franchisees, Citybus, become a wholly owned subsidiary of a foreign company, Stagecoach?

Saturday, 19 June, 1999, 12:00am

Office buy

Seapower International Holdings announced yesterday that a wholly owned subsidiary had agreed to purchase six floors of offices in the Silver Fortune Building in Central for $460 million from Newland Corp.

14 Mar 1997 - 12:00am

Deal finances flats project

MANSION House Group said yesterday it had secured a $30 million finance arrangement with Sun Chung Estate, a wholly owned subsidiary of Bank of China.

Sun Chung Estate will provide Mansion House Real Estate, a wholly owned subsidiary of Mansion House Group, with $30 million to finance construction of Wanhua Garden phase one, a real estate development in Guangzhou.

15 Feb 1996 - 12:00am

Contracts

FULL Arts Metal Works, a wholly owned subsidiary of Guangdong Corp, has won six contracts worth $347.33 million in the first four months of this year, representing a growth of 198 per cent compared with the same period last year and 72 per cent of the total value of contracts signed last year.

9 May 1995 - 12:00am

Chevalier in share offer

CHEVALIER Singapore Holdings, a wholly owned subsidiary of Hong Kong-based Chevalier International Holdings, says it is offering 28.12 million shares at 61 Singapore cents per share to raise about S$14.1 million.

Chevalier Singapore intends to use about $10 million to repay its existing borrowings and the balance as working capital.

19 Oct 1994 - 12:00am

Styland to stage new fair for Zhongshan project

STYLAND (Development), a wholly owned subsidiary of Hong Kong-listed Styland Holdings, is to stage another exhibition and sales fair in the lobby of New World Centre in Tsim Sha Tsui on Saturday and Sunday to sell apartments and villas in a project in Zhongshan.

The project, named ''City in City'', has apartments ranging from 784 to 1,116 square feet.

19 May 1994 - 12:00am

Property sold

SOUTH China Morning Post Publishers, a wholly owned subsidiary of South China Morning Post (Holdings), completed the disposal of its interest in Viewpoint, 7 Bowen Road, to Well Venture Development on 25 June for $120 million.

20 Jul 1993 - 12:00am

$625m Central purchase

CROWNROY Investment, a 55 per cent indirectly owned subsidiary of Sea Holdings, will buy a 24-storey commercial building for $625.68 million from World Success Engineering.

The property, Wellington Place at Wellington Street, Central, has a gross floor area of about 94,300 sq ft for retail and office use.

25 May 1993 - 12:00am