Guangnan takes a 22pc stake

PUBLISHED : Monday, 17 November, 1997, 12:00am
UPDATED : Monday, 17 November, 1997, 12:00am

Food and electronics manufacturer Firstone International Holdings says that its share placement in red chip Guangnan (Holdings) was successfully completed on Friday. The transaction makes Guangnan the second largest Firstone shareholder with a 22.48 per cent stake.