World Trade Centre Group

Censored sections set for release

Missing chapters of the Tomson Report on the 1990 takeover of the World Trade Centre Group are expected to be released in full, bringing to an end a five-year controversy over the censored report.

Thursday, 5 August, 1999, 12:00am

Top Glory directors take home $11.7m

DIRECTORS at Top Glory took emoluments of $11.73 million despite losses at the operating profit level.

Attributable profit was up 59 per cent to $579.35 million after the booking of exceptional items of $646.36 million.

5 Sep 1995 - 12:00am

Top Glory sells stake to Tomson

TOP Glory says it has exercised a put option to sell its 25 per cent stake in Charlesville to Tomson Pacific for $209.7 million.

The option was agreed to by Top Glory - then known as World Trade Centre Group - and Tomson last November, gives Top Glory the right to sell its remaining stake to Tomson within one year.

21 Nov 1994 - 12:00am

Exchange launches inquiry

THE Stock Exchange has launched its own investigation into the seven companies named in the Tomson Report.

Exchange head of listing Herbert Hui said each of the companies had been asked to put out an announcement to shareholders today, and said that a thorough investigation would follow.

5 Jul 1994 - 12:00am

Date for WTCG share sale

WORLD Trade Centre Group announced yesterday the Supreme Court of Hong Kong granted an order on Monday that 179.4 million shares be sold in the market or otherwise for a price in excess of $1.96 a share by November 22.

17 Nov 1993 - 12:00am

New WTCG bid wins approval

SHAREHOLDERS of World Trade Centre Group (WTCG) passed resolutions yesterday approving the revised offers of $1.96 per share and 57 cents per warrant from Sun Hung Kai International, on behalf of Rovtec Investments.

9 Nov 1993 - 12:00am

World Trade Centre shares hit by Government freeze move

THE Government has frozen a 179 million package of shares in World Trade Centre Group (WTCG) - worth $341.89 million at yesterday's price - in a bid to identify the true owners.

If the owners do not lay claim to their shares, they will be sold and the income channelled into government coffers.

10 Jul 1993 - 12:00am

Looking for transparency

THE Government's determination to show the interested world - shareholders and taxpayers - the findings of its probe into deals carried out within two sets of listed companies is to be commended.

11 Jun 1993 - 12:00am

WTC stock plunges on offer uncertainty

UNCERTAINTY about the future of World Trade Centre Group (WTC) led to aggressive profit-taking in the company's stock yesterday.

The shares fell 18 cents or 9.5 per cent to $1.70.

''People are still uncertain whether there will be an offer for the company and most people are taking good profits,'' said Vickers Ballas research director Adrian Ngan.

11 May 1993 - 12:00am

Back-door listing likely for WTC

WORLD Trade Centre Group is the subject of backdoor listing purchase talks involving Tomson Pacific's $974 million, 34.98 per cent stake in the takeover target.

The group is speculated as the next mainland backdoor listing following its takeover of Conic and Seabase International in the past three trading days.

4 May 1993 - 12:00am

WTC deal completed

SUN Hung Kai Properties completed the $2.21 billion purchase of the World Trade Centre yesterday through a final payment of $1.45 billion to World Trade Centre Group.

Sun Hung Kai plans to convert the lower floors of the Causeway Bay building into a shopping centre, with most of the office space on upper floors being sold.

27 Apr 1993 - 12:00am