Audio products-maker Sound International has acquired a 40 per cent stake in an Internet company controlled by a son of former stock exchange chairman Ronald Li Fook-shiu. Sound International, formerly Kosonic International Holdings, will issue 160 million new shares, or 8.4 per cent of its enlarged share capital, at 20.7 cents to finance the purchase, managing director Zhao Xinghuan said. The Internet company - Clear Network - plans to launch an e-commerce Web site in June. The company is controlled by Alfred Li Kwok-lung. 'We expect this Web site will contribute earnings by the financial year ended September 2001,' Mr Zhao said. Mr Li said the portal - ClearHit.com - would allow users to access products and services of companies in such industries as finance, fashion, sports and electronics. 'We have already lined up 300 mainland merchants,' he said.