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To: allii who wrote (28680)	2/17/2000 2:53:00 PM
From: vagabond	Respond to of 150070

Re CHCL (hope I don't sound like I'm "pushing" it. Don't mean to, I do have some but purely as speculation): Here's an article from a Pakistani newspaper (the "Business Recorder") about CHCL's planned-investments in Pakistan. Kind of interesting from a socio-political standpoint, if nothing else (who knew Pakistan was one of the world's biggest milk-producers?)... ====================== Chinese firm to invest $1 billion in dairy industry, transport HARIS ZAMIR KARACHI (February 2) : China Continental, Inc, with the help of an international consortium will invest approximately $ one billion in Pakistan to provide modern technology to the dairy industry and expand the transport infrastructure. According to information given out by the Stock Links Investment Management Ltd, financial adviser for China Continental Inc, discussions are under way with Pakistani officials to develop modern dairy operations in the country. The project would result in the propagation of superior livestock and the production of high quality dairy products of international standards for both the domestic and overseas markets. "There is a large and untapped potential in the dairy industry and transportation infrastructure projects in Pakistan, leading to the company's largest operation outside of China", said Harry. H. H. Ho., chairman of China Continental Inc "We have appointed Stock Links Investment Management Limited of Pakistan as financial adviser to assist in the implementation of the farming and infrastructure projects", he said. Pakistan is one of the largest producers of milk in the world, its dairy animal production is greater than that of North America and Canada. However, it still imports a substantial quantity of dairy products, due to the lack of processing facilities and technological expertise, which has resulted in the low yield and low quality of milk production. Its fragmented distribution channels, as well as the existing poor infrastructure, have also resulted in the under development of this industry. The country's total demand of dairy products is estimated to be 3.5 million tonnes per day and the total market value of these products is estimated to be about $7.0 billion. The demand for dairy products is currently growing at double digits rate and it is projected to grow at the same rate for the next five years. China Continental would help Pakistan to establish a modern dairy farm with a large capacity to house livestock. It would also help to establish a strong bio-engineering team to carry out genetic research, breeding and herd management of superior livestock, development of farming systems through agro-engineering and the genetic propagation of superior livestock and its ancillary products to assist other farms. The company would introduce most advanced technologies in dairy processing, packaging, storage and distribution facilities by acting as consultants in setting up dairy processing plants to convert the raw products into higher value-added products including high quality milk power, milk, cheese and cream. Copyright 2000 Business Recorder (www.brecorder.com)