The holding company in the past was involved in electronic goods as well as their plastic components; since acquired by stated-owned China Aerospace Science and Technology Corporation, according to the company, it became a conglomerate that involved in manufacturing and sale of hi-tech products, as well as property investment.
[8] The audio department of the [larger] Conic Group, which publish albums for aforementioned Sam Hui, as well as Michael Kwan and Paula Tsui, was operated by Contec Sound Media Limited (Chinese: 康藝成音有限公司, incorporated in April 1981) according to other news report.
[13] In November 1980, Conic Investment signed a land lease with a government-owned corporation, Hong Kong Industrial Estates Corporation, in order to open a CRT television factory in the Tai Po Industrial Estate.
[7][20] The subsidiary was the largest producer of liquid-crystal display panel in Hong Kong according to the narrative of the company.
[7][20] However, in 1982, [sic][16]: 138 in order to cover a financial loss,[nb 2] Alex Au (Au Yan Din; Chinese: 柯俊文; Jyutping: o1 zeon3 man4), chairman and the majority shareholder of Conic Investment at that time, invited Chinese state-owned enterprise (SOE) China Resources to subscribe a capital increase of the company (which an agreement was signed in January 1984 for 100 million number of new shares for HK$1 each[19]), via a subsidiary Sin King Enterprises Company Limited (Chinese: 新瓊企業有限公司),[16]: 138 [23] as well as purchase 80 million number of shares from Au.
[30] A scandal that involves false accounting as well as illegal withdrew of the capital of the listed company was also reveal in 1984–85, with 2 of the resigned directors Tam Chun Shing (Chinese: 譚頌聲) and Lam Chun Kiu (Chinese: 林中翹), as well as 7 managers were arrested.
[31] It was also reported that Alex Au was fled to Taiwan in 1984,[32] who refused to refurbish the loan of Honic from Conic.
[32][35] Lam Chun Kiu later also founded his own electronics company, including a joint venture that now known as Konka Group (Chinese: 康佳集团).
[40] In 2005, the company sold the former headquarter Conic Investment Building which was located in Hung Hom to Global Coin Limited, a subsidiary Cheung Kong Holdings, for HK$330 million.
[45] CASIL had a joint venture, Hainan Aerospace Investment Management (Chinese: 海南航天投资管理), which was a developer of the complex zone of Wenchang Spacecraft Launch Site.