Citic Pacific loan raises eyebrows
Article Abstract:
Citic Pacific Ltd. has obtained a loan of HK$12.5 billion ($1.61 billion) from five banks. The China-backed investment holding company will get HK$2.5 billion each from HSBC Investment Bank Asia Ltd., Hang Seng Bank Ltd., Chase Manhattan Bank Asia, Banque National de Paris and JP Morgan Securities. Citic, which has raised its debt-to-equity ratio from 30% to 70% as a result of the loan, is expected to use part of the loan to acquire as much as 20% of China Light & Power Co.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Contrarian still sees value in some Taiwan stocks
Article Abstract:
China Securities Investment Trust manager Albert King believes that, although corporate earnings growth in Taiwan is predicted at only 5%, there remains promising shares in some Taiwanese companies. Among his bets are Sheng Yu Steel Co., whose pretax-profit is expected to grow at 30% in 1997 from a 47% decline in the previous year, Yieh Phui Enterprise Co. and Formosa Chemicals and Fibre Corp.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Schroder Asia Energy fund builds on long-term fuel
Article Abstract:
Schroder Asia Energy Fund manager Michael Simmonds advise investors interested in stable, long-term capital growth to invest in the fund. Simmonds reports that the $6 million fund consistently generates 15%-20% rate of return yearly. The fund, which invests in oil firms and gas and electric utilities worldwide, posted a 21.48% total return from Jan. to Sep. 30, 1996.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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