Hong Kong exchanges brawl

Article Abstract:

The proposed merger of the futures and stock exchanges of Hong Kong came to a standstill after the bankers tasked to effect the union failed to agree on a method of valuing the respective exchanges. The merger is part of the government's plan to make the combined exchange the second market to list directly on itself, following the Australian Stock Exchange, by Sep 2000. The valuation of both exchanges, a crucial step in the merger process, is expected to be finalized as pressure from the government mounts.

Securities and Commodity Exchanges, Acquisitions & mergers, Misc Stock Exchanges, Commodity Exchanges, Mergers, acquisitions and divestments, Stock-exchange, Stock exchanges, Futures market, Futures markets, Securities industry

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Weighing 'privatization.'

Article Abstract:

The proposed privatization of the Mass Transit Railway Corp (MTRC) of Hong Kong, China, by Apr 2000, should be judged by the benefit that the move will bring to the public and the minority investors. MTRC, which will continue to be under the control of the government even after the privatization, must initiate actions that will improve its efficiency to better serve the commuting public. Investors are also advised to weigh the benefits of becoming a minority shareholder.

Asset sales & divestitures, Rail Mass Transit, Urban Transit Systems, Management, Planning, Privatization, Privatization (Business), Government business enterprises, Public enterprises, Local transit, Government ownership, Nationalization, Mass Transit Railway Corp.

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