Acquired 12% of Hong Kong Telecommunications Limited ("Hongkong Telecom"), 20% of a chemical waste treatment plant on Tsing Yi Island, 56.3% of a coal-fired power station in Jiangsu, the People's Republic of China ("PRC") and 50% of a coal-fired power station in Henan, PRC, from CITIC HKH

Joint venture formed with the Swire Group to develop the "Festival Walk" shopping centre in Yau Yat Chuen

Western Harbour Tunnel Company Limited, a consortium of local companies led by the Group, was granted the franchise to construct and operate the Western Harbour Crossing

Acquired a 10% interest in Hong Kong Air Cargo Terminals Limited

Bought a 55% interest in 4 industrial plants in Wuxi specialising in the production of steel, telecommunication cables, precision pipes and motors

Bought a 20% interest in Manhattan Card Co. Limited (" Manhattan Card") as a strategic investor with the Chase Manhattan Bank