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2003-5-20 12:10:00 p.m. HKT, XFNA
HK's Lam Soon shareholder's subsidiary buys 7.4 pct stake for 41.28 mln hkd
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HONG KONG (AFX-ASIA) - Lam Soon (Hong Kong) Ltd (411.HK) said a
subsidiary of substantial shareholder Guoinvest International Ltd has
acquired a 7.4 pct stake in the company for 41.28 mln hkd.
The 17.949 mln shares were bought on May 16 from an independent
shareholder, Lam Soon said.
After the acquisition, Guoinvest together with Wang Tar Choung, Teo Joo
Yee, Whang Sun Tze, Raven Investment Company Ltd\ and T.C. Whang & Company
(Private) Ltd will hold about 67 pct in the company from 59.6 pct, it added.
Trading of the Lam Soon shares on the Stock Exchange of Hong Kong,
suspended on Monday, resumes today.
fanny.jor@afxasia.com
fj/mh/skb
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