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

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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? ®

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