1999            1998
                                Notes              HK$             HK$

INTERESTS IN SUBSIDIARIES         11       191,353,853     190,654,527
NET CURRENT LIABILITIES           15       (26,561,286)    (37,961,294)
                                           -----------     -----------
NET ASSETS                                 164,792,567     152,693,233
                                           ===========     ===========

Financed by:
SHARE CAPITAL                     17        37,955,938      37,955,938
RESERVES                          19       126,836,629     114,737,295
                                           -----------     -----------
SHAREHOLDERS' FUNDS                        164,792,567     152,693,233
                                           ===========     ===========

             Siu Tit Lung                        Siu Yuk Lung
               DIRECTOR                             DIRECTOR

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