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                    [ArticleID] => 232766
                    [Title] => Ionics sells 50% stake in unit  to joint venture partner
                    [Summary] => Ionics Inc. has completed the sale of its 50-percent interest in Andes Ionics Inc. (AII) to its joint venture partner Andes Electronic Co. Ltd. of Japan for P69.15 million.


In a disclosure to the Philippine Stock Exchange, Ionics said AII, which is now 100-percent owned by Andes Electronic, will be renamed and continue its operation in its present location.


                    [DatePublished] => 2003-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ANDES ELECTRONIC CO

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                    [ArticleID] => 232766
                    [Title] => Ionics sells 50% stake in unit  to joint venture partner
                    [Summary] => Ionics Inc. has completed the sale of its 50-percent interest in Andes Ionics Inc. (AII) to its joint venture partner Andes Electronic Co. Ltd. of Japan for P69.15 million.


In a disclosure to the Philippine Stock Exchange, Ionics said AII, which is now 100-percent owned by Andes Electronic, will be renamed and continue its operation in its present location.


                    [DatePublished] => 2003-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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Ionics sells 50% stake in unit to joint venture partner

By Zinnia B. Dela Peña | December 24, 2003 - 12:00am

Ionics Inc. has completed the sale of its 50-percent interest in Andes Ionics Inc. (AII) to its joint venture partner Andes Electronic Co. Ltd. of Japan for P69.15 million. In a disclosure to the Philippine Stock...

Business