"Hopewell misjudged the speed of major civil engineering construction in China, the complexities of land acquisition and budgeting, " says Michael Green of Nomura Research Institute.

CNN: HANGING ON AT HOPEWELL

Well into the construction of the GSZ Superhighway in 1992, Hopewell engineers discovered soft land along parts of the road.

CNN: HANGING ON AT HOPEWELL

The document proposed that Chinese partner Guangdong Provincial Highway Construction Co. agree to the transfer of the extra cost from Hopewell's balance sheet to that of the project in the form of shareholder loans.

CNN: HANGING ON AT HOPEWELL