Amadeusz Juskowiak

Hong kong firm ups wratherwco stake to 11 pct

Industrial Equity Pacific Ltd a Hong Kong investment firm said it raised its stake in Wrather Corp to 816000 shares or 113 pct of the total outstanding common stock from 453300 shares or 63 pct

In a filing with the Securities and Exchange Commission Industrial Equity which is principally owned by Brierley Investments Ltd a publicly held New Zealand company said it bought 362700 Wrather common shares between Feb 13 and 24 for 66 mln dlrs

When it first disclosed its stake in Wrather earlier this month it said it bought the stock for investment purposes