BANK OF CHINA TAKES STAKE IN BAII HOLDINGS

  Bank of China has taken a stake in
  Luxembourg-based finance company BAII Holdings SA, a spokesman
  for BAII said.
      The stake was between three and five pct but no further
  details of the deal, which was announced simultaneously in
  Paris, London and Hong Kong, were immediately available.
      BAII, which is 50 pct Arab owned, is looking to expand its
  activities in the Far East and recently established a
  wholly-owned merchant banking subsidiary in Hong Kong, the
  spokesman said.
      The group had earnings of 15.4 mln dlrs in 1985.
  

