21.   First Pacific will swap shares in Smart for new shares of Metro Pacific, a Manila-based holding company whose other main interests include property development and banking.

22.   Guoco Land has five subsidiaries involved in commercial, residential and industrial property development.

23.   However, companies focused on domestic industries, such as property development, may not get a lift, he said.

24.   Hundreds of state-owned trust companies poured funds into property developments in recent years in search of fat returns.

25.   In a building boom unlike any seen before, property developments and infrastructure projects are bursting across the urban landscape and countryside.

26.   It has interests in property development, telecommunications, drug distribution, packaging and banking.

27.   It also was exploring property development with a local strategic partner.

28.   It plans to concentrate on property development, telecommunications, packaging and consumer products.

29.   It reported strong sales this week at its new Vista Paradiso residential property development in Ma On Shan in the rural New Territories.

30.   It has since diversified into property development, telecommunications, transportation, finance and banking.