Reply #34: Spot on. Hutchinson Wampoa Li Kai Shing [View All]

[Burried News]

Here is an example. Google the above and you will be amazed.
Li Kai Shing links to Chaing Kai Shek and the Green Gang of Taiwan according to a book Lords of the Rim.
http://www.globalcrossing.com/xml/news/2000/january/12.xml
Wampoa bought Global Crossing after they went belly up in a scandal
One concern was the deal gave him access to Pacific Cable communications which has National Security implications.
His company also has their feet in the door with the Panama Canal (a maintenance contract) hence they can easily monitor all traffic through it.

Excerpt from link follows:
HUTCHISON WHAMPOA AND GLOBAL CROSSING COMPLETE TELECOM JOINT VENTURE IN HONG KONG

* 50/50 joint venture combines Hutchison Whampoa's existing fiber optic telecommunications network and certain Internet-related assets in Hong Kong with Global Crossing's international cable capacity and growing inventory of web hosting, Internet applications and data services.
* Hutchison gains technological expertise and global connectivity.
* Global Crossing gains entry into attractive markets in Hong Kong and, when regulations permit the Greater China region.
* Partnership expands Hutchison's existing network, the largest fully fiber-optic network in Hong Kong, as the cornerstone of the planned China Crossing.

Hong Kong - January 12, 2000 - Hutchison Whampoa Limited and Global Crossing Ltd. announced today that they have completed formation of Hutchison Global Crossing, a 50/50 joint venture to pursue fixed-line telecommunications and Internet opportunities in the Hong Kong Special Administrative Region, China.

The 50/50 joint venture combines Hutchison Whampoa's existing territory-wide, building-to-building fixed-line fiber optic telecommunications network and certain Internet-related assets in Hong Kong with Global Crossing's international fiber optic broadband cable capacity and growing inventory of web hosting, Internet applications and data services. For its 50% share, Global Crossing has provided to Hutchison Whampoa US$400 million (HK$3,108 million) in Global Crossing convertible preferred stock. Additionally, Global Crossing has committed to contribute to the joint venture international telecommunications capacity rights on its global fiber optic network and global data center related capabilities which together are valued at US$350 million (HK$2,720 million), as well as US$50 million (HK$389 million) in cash. In aggregate, Global Crossing's investment values the joint venture enterprise at US$1.2 billion (HK$9.3 billion).
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