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2003-8-25 11:14:00 a.m. HKT, XFNA
STOCK ALERT - HK's Sea Holdings higher after unit raises stake in AGP
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HONG KONG (AFX-ASIA) - Sea Holdings Ltd (251.HK) was higher,
outperforming the broader market, after its 55.16 pct indirectly-owned unit
Trans Tasman Properties (AGP) Pty Ltd (TTPA) agreed to acquire the remaining
49.87 pct stake in Austrian Growth Properties Ltd (AGP) for 127.90 mln aud,
dealers said.
Sea Holdings was up 0.08 hkd or 6.67 pct at 1.28.
Upon completion of the offer, TTPA will wholly own AGP, the company said
in a statement.
(1 usd = 7.8 hkd)
susanna.tai@afxasia.com
st/skb
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