Certainty of power: Hongkong's China Light plans for life after Kadoorie
Article Abstract:
China Light & Power, a Hongkong utility, bade farewell to its long-time chairman, Lord Kadoorie, who died at 94 in Aug 1993. Kadoorie managed the firm for over 50 years and turned it into a $3 billion enterprise that is 34% owned by the Kadoorie family. The new chairman, Sir Sidney Gordon, pledges to perpetuate Kadoorie's influence and management style but also to seek new ventures necessary to sustain the company's growth. These ventures include a 25% stake in China's Daya Bay nuclear power plant. Good profits are expected for China Light & Power at least until 1998.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Mr 'No Comment': Kuok tipped to buy Murdoch's Hongkong newspaper
Article Abstract:
Rupert Murdoch is reportedly set to sell his 50% share of the South China Morning Post newspaper to Robert Kuok, a Hongkong-based hotels and property magnate. Kuok will pay slightly more than $515 million to Murdoch's News Corp for the Post whose yearly earnings make it among the most profitable newspapers in the world. Murdoch probably wants to concentrate on his ventures in the electronic media, while Kuok may hope to use his control of the Post, with its 110,000-strong readership in Hongkong and major Chinese cities, to support the Chinese government.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Fellow travellers: Hongkong flotation for freight monopoly
Article Abstract:
China Travel Service (CTS) has scheduled an initial public offering for its newly formed subsidiary China Travel International Investment Hongkong (CTII). CTII takes over the freight-forwarding and theme park businesses from CTS, which has a monopoly on the freight service between China and Hong Kong. Proceeds from the initial public offering will be used to finance the development of transport facilities and additional tourist areas.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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