Mannesmann: Seat in the Supervisory Board for Hutchison
25 November 1999
Mannesmann: Seat in the Supervisory Board for HutchisonDUSSELDORF, Germany, Nov. 25 -- Canning Fok (48), Group Managing Director of Hutchison Whampoa Limited, will become member of the Mannesmann Supervisory Board. Following the offer by Mannesmann for Orange plc Hutchison Whampoa is the largest shareholder of Mannesmann with a stake of approx. 10.2 per cent. Hutchison Whampoa held a stake of approx. 45 per cent in Orange plc and acquires the Mannesmann shares in exchange for its Orange shares. Canning Fok takes the seat of Professor Manfred Weck (62). Professor Weck has agreed to become member of the Supervisory Board of Engineering & Automotive AG which will be founded soon.