Home Builder Buys 7.5% Stake in Phoenix Inc.
County home builder Peter M. Ochs has acquired a 7.5% stake in the Phoenix Group International Inc., an Irvine investment company, according to a federal filing.
Ochs, chairman and president of the Fieldstone Co., a Newport Beach residential real estate development company, bought 195,000 Phoenix shares Aug. 25 for $335,400, according to a Sept. 19 filing with the Securities and Exchange Commission.
Phoenix, a company headed by Charles W. Missler, owns or controls several high-technology concerns, including Resdel Industries of Newport Beach and American PC Corp. of Irvine.
Last week, Phoenix announced formation of a joint venture with the Soviet Union to help provide 6 million personal computers to schools and businesses in that country.
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