Abstract:
Belle Corp., the property and gaming arm of the SM Group, is considering the sale of part of its stake in Sinophil Corp., for $150 million to $200 million to "maximize the liquidity" of Sinophil's shares.
"[There is] no timetable yet. There's reallty no urgent need to do the placement for cash-raising purposes, except that it may be fgood to provide liquidity & wider research coverage for the stock," Willy N. Ocier, Belle's vice-chairman, said in a text message on Monday.
Info
| Source Institution | Securities and Exchange Commission |
| Source URL | http://www.sec.gov.ph/aboutsec/SEC%20News/SEC_News_081914.pdf |
| Page Count | 14 |
| Place of Publication | Mandaluyong City |
| Original Publication Date | August 19, 2014 |
| Tags | Newsletter |