Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (695)	3/26/2001 8:07:10 PM
From: ms.smartest.person	Respond to of 2248

Hutchison Whampoa, Cheung Kong to invest US$1B-plus in mainland (26 March 2001) In what might be taken as a resounding vote of confidence during global economic doldrums, Li Ka-shing, founder of Cheung Kong (Holdings) Ltd. (CK) and chairman of Hutchison Whampoa Ltd. (HW), has announced planned investments on the mainland of approximately HK$10 billion (US$1.28 billion). CK and HW first began investing in mainland opportunities several years ago, Li said. The two companies already have combined investments of more than HK$60 billion (US$7.69 billion) in mainland businesses, mostly to do with real estate, reported the March 23 Zhongguo Xinwen She (China News Service). Li stressed that Hong Kong is his home as well as CK and HW’s investment base, adding that his firms will continue to take advantage of attractive investment projects in Hong Kong as they present themselves. He also said that he has established residency in Singapore and expressed confidence in the real estate businesses there. Earlier, his company won the bid on some property in Singapore, upon which it has plans to build premium residences. Li did not rule out possible collaboration with other financial groups to develop real estate ventures in Singapore, the story said. chinaonline.com