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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive

Yuen Long residential site sold

The tender for a residential site in Yuen Long has been awarded on a 50-year land grant at a premium of $716 million, the Lands Department announced today.   Lot No 1677 in Demarcation District No 115 at the junction of Lau Yip Street and Chung Yip Road was awarded to Crown Gain Investments, a subsidiary of CK Asset Holdings.   It has a site area of about 15,208 sq m and is designated for private residential purposes.   The site's minimum and maximum gross floor areas are 4,379.8 sq m and 7,299.8 sq m.
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