HONG KONG FIRM UPS WRATHER<WCO> STAKE TO 11 PCT
Industrial Equity (Pacific) Ltd, a
Hong Kong investment firm, said it raised its stake in Wrather
Corp to 816,000 shares, or 11.3 pct of the total outstanding
common stock, from 453,300 shares, or 6.3 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 362,700 Wrather common shares between Feb 13 and 24 for
6.6 mln dlrs.
    When it first disclosed its stake in Wrather earlier this
month, it said it bought the stock for investment purposes.
 Reuter
