CHINA EVERBRIGHT AND LOTUS IN H.K. JOINT VENTURE
Peking backed <China Everbright
Holdings Co Ltd> said it signed an accord with a unit of U.S.
Based Lotus Development Inc <LOTS.O> to form a joint venture
cathode ray tube manufacturing plant in Hong Kong.
    An Everbright statement said the company will have a 26 pct
share in the 70 mln U.S. Dlr worth <Everbright Lotus CRT
Manufacturing Ltd>, while <H.K. Lotus Scientific Development
Ltd> will own the remaining stake.
    The plant has an annual production capacity of up to one
mln 14-26 inch cathode ray tubes for colour televisions.
 REUTER
