Skip to content

Biting the hand that feeds IT

The Register ®

Management:


[Print][Mobile][Alerts]

Building firm makes more money from Web stocks than from stock-in-trade

Too busy making money to do any work? You’re not alone

Published Wednesday 5th May 1999 15:17 GMT

A small Hong Kong building company specialising in ceramic building materials has made a small fortune by selling its shares in an Internet company. According to a report by Bloomberg, Companion Building Materials Holdings (CBMH) Ltd made more money in a single day selling its holding in an Internet company it bought last year, than it ever did in any of its past six years selling marble worktops. CBMH made a profit of around HK$100 ($13 million) as shares in Tricom increased 13-fold following news of an imminent buy out by Pacific Century Group. Good grief, whatever next? ®

Track this type of story as a custom Atom/RSS feed or by email.
Previous Article Next Article
whitepaper title

Solution Brief: Reduce Energy Costs

Energy consumption has become a big issue. Dramatically increase server utilization and significantly reduce energy costs through Virtualization..
whitepaper title

Gartner Paper: US Data Centers - The Calm Before the Storm

U.S. enterprise data centers face considerable space and energy constraints over the next few years. Download this free independent report to read more..
Whitepapers Jobs

Top 20 storiesAll The Week’s HeadlinesArchiveSearch