Firm to lift stake in A share

PUBLISHED : Wednesday, 30 July, 1997, 12:00am
UPDATED : Wednesday, 30 July, 1997, 12:00am

Shenzhen International Holdings says it has started negotiations to buy more shares in a Shenzhen-listed A share, China Southern Glass Holding, in a bid to lift its stake in the firm to 24.9 per cent. Last month the company said it was paying $284.3 million to buy 11.3 per cent of Southern Glass stock.