Cebu based housing developer fails to buy out all shares in Seacem By: Krista Angela M. Montealegre, InterAksyon/ interaksyon/business/67255/cebu-based-housing-developer-fails-to-buy-out-all-shares-in-seacem MANILA - A mass housing developer failed in its bid to buy out the minority shareholders of listed Southeast Asia Cement Holdings Inc (Seacem). In a disclosure to the Philippine Stock Exchange, Seacem said 72,119 shares held by BPI Securities and Citibank NA were tendered and accepted during the tender offer period that ended on July 12. The tendered shares represent less than a percent of the remaining 709.54 million publicly held shares of the listed firm, or 10.13 percent of its issued and outstanding capital stock.
Posted on: Mon, 29 Jul 2013 03:18:54 +0000
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