Hier das Neueste zu OTI und Cheung Kong

Hong Kong, March 13 (Bloomberg) -- Cheung Kong Infrastructure Holdings Ltd., controlled by Hong Kong property tycoon Li Ka- shing, said it will announce a new joint venture in information technology this afternoon as a newspaper reported it will enter the smart-card business with an Israeli company.  


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Though CKI didn't mention the name of its partner, a smart card manufactured by On Track Innovations Ltd., an Israeli company trading on Germany's Neuer Markt, was sent along with an invitation for a 2:45 p.m. local time press conference. CKI officials couldn't be reached for comment.

The Ta Kung Pao newspaper today quoted unidentified people as saying CKI would announce a smart-card venture with an unidentified Israeli company. The ''Icon Smart Card'' could be used for shopping and payment services, the paper said.

Last Tuesday, CKI shares staged their biggest one-day rally, rising 33 percent, on hopes of a new venture and on speculation that parent Hutchison Whampoa Ltd. could take the company private. The company declined to comment then.

CKI today rose 1.4 percent to HK$14.50.

Hier die Meldung - soeben aus dem WO-Board kopiert (Danke für Deine unermüdliche Suche, laurent11!):



15:27 13-MAR-2000
CKI <1038.HK> forms smart card JV with OTI

HONG KONG, March 13 (Reuters) - Cheung Kong Infrastructure Holdings Ltd and Israel`s On Track Innovations Ltd said on Monday they were forming a joint venture to develop smart card technology for the Asia Pacific region.

"The joint venture will focus on the development of the high-growth Asian markets which feature abundant potential and high returns," H.L. Kam, managing director of CKI, said in a statement.

The joint venture would deliver the patented EYECON microprocessor-based contactless smart card technology, with up to 250 multiple electronic applications.

Kam said the worldwide smart card market was forecast to reach US$60 billion by 2005, with Asia comprising 40 percent.

The new venture would establish a research and development centre in Hong Kong, work to secure strategic alliances and cooperation with system integrators and participate in international projects, CKI said. ((Hong Kong Newsroom, +852 2847 4017, fax +852 2845 0636 hongkong.newsroom@reuters.com)) .

Kauft OTI, BEVOR die nächste Meldung kommt! Denkt an das JV mit Cheung Kong!