SATURDAY, JANUARY 27 LOGIC International said it had almost completed its relocation of plants and equipment to China. The drastic move is a bid to cut operating and production costs. - ORIENTAL DAILY NEWS MONDAY, JANUARY 29 CHINA Ocean Shipping Company (Hong Kong) says it will form a consortium with Hutchison-led Hongkong International Terminals to bid for the right to operate a container port in Tuen Mun. The development will require an investment of more than $4.5 billion.- ECONOMIC JOURNAL MARKET sources say Hway Kay Thai's plan to build a light rail system in Wuhan has come to a halt as the Chinese Government has decided to stop handing out contracts for new infrastructure projects. - SING TAO NG Fung Hong (NFH) is seeking to make a series of acquisitions and investments, including increasing its current 20 per cent stake in a beer and wine trading company. Elsewhere, NFH is studying the feasibility of taking over an ice-cream plant from its mainland parent, Ng Fung Hong Holdings (NFHH). - ECONOMIC JOURNAL SAFETY Godown Co Ltd (SGCL) has sold the ground floors of 4 and 6 Tung Yuen Street, Kowloon, for $174 million, realising a profit of $56 million. SGCL said the property was getting old, its capacity accounted for only 10 per cent of SGCL's total storage and it had failed to make a major contribution to group profits in the last few years. - SING TAO