Ascada to buy into Kuok unit

PUBLISHED : Wednesday, 24 August, 1994, 12:00am
UPDATED : Wednesday, 24 August, 1994, 12:00am

ASCADA of Malaysia said yesterday it would buy up to 21.7 per cent of the Kuok Group's Philippine hotel affiliate, Shangri-La Properties, in a 1.25 billion peso (about HK$372.5 million) private placement.