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Lot 172: PAHLAY, CIE.
29 October 2016
Brussels, BelgiumLive Auction
Description: 1 July 1928 SHANGHAI. Cert. Nom. d'Actions de F500. blue, green. No 276. Central fold. Large format nominative certificate representing 5 shares. Formed Paris, about 1927, but to work in the French concession, Shanghai. The company capital amounted to 2 million francs divided into 4000 shares. The nature of the company is not known, but this share was issued to a prominent textile company (especially ribbon) in St.Etienne, and this may in the same trade. Only two pieces were found in early 2014. Rarity 11.
Condition Report: VF-EF