Reduced shareholding in Dragonair to 28.5% after disposing of a 17.66% interest to China National Aviation Corporation. At the same time, the Group increased its shareholding in Cathay Pacific to 25%

Established joint venture company with a 45% interest, holding the franchise to operate the Xu Pu Bridge in Shanghai

A 50%-owned consortium was awarded a 17-year contract to build and operate a waste transfer station in North Lantau

Signed an agreement in principle to form a joint venture with Inner Mongolia Electric Power Company and Sunburst Energy Development Inc. to construct and operate a power plant in Hohhot, Inner Mongolia, PRC