Rainbow in Hong Kong
The directors of Rainbow Corporation said that the company has entered into a conditional agreement to acquire 24.3 million shares in the issued capital (about 90 per cent) of Dah Yuan Real Estate Company, Ltd, at a price of about $27 million.
Dah Yuan is listed on the Hong Kong Stock Exchange, and subject to the statutory approvals being received, its name would be changed to Rainbow Orient Corporation, Ltd.
Rainbow’s executive director, Mr Gary Lane, said that Rainbow Orient Corporation had been assessed as an ideal offshore holding company for Rainbow’s investments outside Australasia, particularly those in the U.K.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19861205.2.122.9
Bibliographic details
Press, 5 December 1986, Page 24
Word Count
104Rainbow in Hong Kong Press, 5 December 1986, Page 24
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in