CONSUNJI-LED DMCI Holdings, Inc. said on Monday that it had executed an amendment agreement with Cemex Asia B.V. regarding the sale and purchase of shares in Cemex Asian South East Corp. (Casec).
CONSUNJI-LED DMCI Holdings, Inc. said on Monday that it had executed an amendment agreement with Cemex Asia B.V. regarding the sale and purchase of shares in Cemex Asian South East Corp. .The agreement, executed last Sunday together with Semirara Mining and Power Corp. and Dacon Corp., is expected to hasten the Consunji Group's acquisition of Casec .The Consunji Group and Cemex agreed to conduct certain standard confirmatory testing related to the Solid Cement Corp.
5 million tons of production capacity at Solid Cement Corporation, raising Cemex Holdings Philippines, Inc.'s total capacity from 5.7 to 7.2 million tons,' DMCI told The Manila Times in a message.'To facilitate the transaction, the buyer, the Consunji group, agreed to conduct certain standard confirmatory testing after the targeted financial closing date, through an amendment to the SPA. The expansion plant is now expected to be completed by the first quarter of 2025.
Amend Casec Acquisition Agreement
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One country, too many political parties, not one to support seriouslyFirst word
Read more »
Fed official: Both parties want lower inflationWASHINGTON — Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major US political parties want lower inflation.
Read more »
109 bets, 8 parties file for first BARMM parliamentary electionsThe 109 aspirants for BARMM seats include five from Cotabato province, 10 from Tawi-Tawi, 14 from Basilan, 41 from Lanao del Sur, 24 from Maguindanao del Norte, and 15 from Maguindanao del Sur
Read more »
Big business heeds President's call to avoid lavish Cnristmas partiesMANILA, Philippines — Big business heeded the call of President Ferdinand Marcos Jr. to avoid lavish Christmas parties and instead give the money to their employees as additional incentives.
Read more »
Big business heeds President's call to avoid lavish Christmas partiesMANILA, Philippines — Big business heeded the call of President Ferdinand Marcos Jr. to avoid lavish Christmas parties and instead give the money to their employees as additional incentives.
Read more »
Big business heeds Marcos' call to shun lavish Christmas parties(UPDATE) BIG business has heeded the call of President Ferdinand Marcos Jr. to avoid holding lavish Christmas parties.
Read more »