Silver Grant International expects capital expenditure to be HK$200 to HK$300

Gao Jian Min, managing director of Silver Grant International Industries (0171) pointed out the capital expenditure of the company this year was about HK$200 mln to HK$300 mln, which was mainly used for the infrastructure and property projects. The turnover of the two projects this year was estimated to represent 80% to 90% of the total. Besides, the company now has HK$200 mln cash in hand and has a batch of convertible bonds valued at US$50 mln, which would be expired next year.

As for spinning off China Infrastructure to be listed, he said the relevant work was underway, but it finally depended on the market situation.

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