SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 07/06/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Midland Realty                 (1200)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHEUNG KAM SHING                       G  OPT              MIDLAND REALTY (HOLDINGS) LTD             825,000    181097-181000        1.440                0

                                        G  OPT              MIDLAND REALTY (HOLDINGS) LTD             850,000    181098-181001        1.440                0

 STOCK NAME : Soundwill Hold                 (0878)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 FOO KAM CHU GRACE                      G  OPT              SOUNDWILL HOLDINGS LTD                  3,000,000    010199-311202        0.660                1

                                        G  CONV BONDS       SOUNDWILL HOLDINGS LTD                266,666,666    261298-250902        0.750      200,000,000

                                                                     *****  END OF REPORT  *****


NOTE:


N1   Consideration per unit : $0.168 - $0.170