CHINA STRATEGIC<0235>,STAR TELECOM<0383> & TRICOM HOLDINGS<1186> - Joint Announcement

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

China  Strategic  Holdings  Limited
(Incorporated in Hong
with limited liability)

Star Telecom International
Holding Limited (Incorporated
in Bermuda with limited       
liability)                    
                                                           
Tricom Holdings Limited
(Incorporated in Hong Kong with limited liability)

Joint Announcement

The  respective directors of China Strategic Holdings Limited (`China
Strategic'),  Star Telecom International Holding Limited (`Star') and
Tricom  Holdings Limited (`Tricom') announce that Tricom is currently
in  discussion with an independent third party in relation to certain
proposed  notifiable  transactions  which may result in a change of
control  in  Tricom,  a subsidiary of Star and China Strategic. Such
discussion  is at an advanced stage. It should, however, be noted that
no  agreement  has  been  made  and there is no assurance that any
agreement  with  such  party  will  be made. As such, the proposed
transactions mentioned herein may or may not proceed.

Trading  in  the  securities of Tricom on The Stock Exchange of Hong
Kong  Limited  (the `Stock Exchange') had been suspended with effect
from  12:11 p.m. on 22nd April, 1999 and trading in the securities of
Star  and  China Strategic had been suspended with effect from 10:00
a.m.  on  23rd April, 1999. Trading in the securities of Tricom, Star
and  China  Strategic on the Stock Exchange will remain suspended on
27th  April, 1999. A further announcement will be made as and when the
above-mentioned  discussion  is concluded, at which time application
for  resumption of trading in the securities of Tricom, Star and China
Strategic on the Stock Exchange will be made.


By  order  of  the board of
China Strategic Holdings Limited
Ma Wai Man, Catherine
Executive Director

By order of the board of
Star Telecom International Holding Limited
Ma Wai Man, Catherine
Company  Secretary  

By  order  of the board of
Tricom Holdings Limited
Ma Wai Man, Catherine
Executive Director

Hong Kong, 26th April, 1999

The  directors  of China Strategic (except Mr. Fok Kin Ning, Canning,
who  is  overseas  at present and cannot be contacted), jointly and
severally,  accept full responsibility for the accuracy of information
contained  in this announcement (other than that relating to Star and
Tricom)  and  confirm, having made all reasonable enquiries, that to
the  best  of their knowledge, there are no other facts not contained
in  this announcement, the omission of which would make any statement
in this announcement misleading.

The  directors  of  Star,  jointly  and  severally,  accept full
responsibility  for  the  accuracy of information contained in this
announcement  (other than that relating to China Strategic and Tricom)
and  confirm,  having made all reasonable enquiries, that to the best
of  their  knowledge, there are no other facts not contained in this
announcement,  the omission of which would make any statement in this
announcement misleading.

The  directors  of  Tricom,  jointly  and  severally, accept full
responsibility  for  the  accuracy of information contained in this
announcement  (other  than that relating to China Strategic and Star)
and  confirm,  having made all reasonable enquiries, that to the best
of  their  knowledge, there are no other facts not contained in this
announcement,  the omission of which would make any statement in this
announcement misleading.