| To : Business Editor | For immediate release |
The following announcement was issued to the London Stock Exchange on 12th June 1996.
HONGKONG LAND - CHAIRMAN'S ANNUAL GENERAL MEETING STATEMENT
Bermuda, 12th June 1996 -- At the Annual General Meeting of Hongkong Land Holdings Limited held today the Chairman, Mr Simon Keswick, said, "A modest increase is expected in net income from properties for the full year, with positive rental reversions likely to come to an end in the second half. Rental levels in Hong Kong have stabilised, and we anticipate that the valuation of the Group's portfolio will be maintained in 1996."
"Following the disposal of the Group's interest in Trafalgar House, there will be an exceptional profit in 1996 of some US$218 million."
"Recent developments include two property ventures in the Philippines, initiated early in 1996, and the creation of a joint venture to promote water treatment projects in China."
For further information please contact:
| Hongkong Land Limited Ian Durant |
Tel: (852) 2842-8300 (office) |
| Ludgate Asia Limited Martin Spurrier |
Tel: (852) 2543-5413 (office) |
| © Copyright 1996-2008 irasia.com Ltd. All rights reserved. Tel: (852) 2831-9792. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |