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                    [ArticleID] => 260216
                    [Title] => Phinma sells 51% of Union Cement to Cemco Holdings
                    [Summary] => The Phinma Group executed yesterday a share purchase agreement with Cemco Holdings covering its 51- percent interest in Union Cement Holdings Corp. (UCHC).


The agreement calls for Phinma’s divestment of a total of 493.85 million UCHC shares for $214 million.  Of these, 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the flagship holding company of the Phinma Group, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.


                    [DatePublished] => 2004-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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CLINCO CORP

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                    [ArticleID] => 260216
                    [Title] => Phinma sells 51% of Union Cement to Cemco Holdings
                    [Summary] => The Phinma Group executed yesterday a share purchase agreement with Cemco Holdings covering its 51- percent interest in Union Cement Holdings Corp. (UCHC).


The agreement calls for Phinma’s divestment of a total of 493.85 million UCHC shares for $214 million.  Of these, 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the flagship holding company of the Phinma Group, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.


                    [DatePublished] => 2004-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Phinma sells 51% of Union Cement to Cemco Holdings

By Zinnia B. Dela Peña | August 6, 2004 - 12:00am

The Phinma Group executed yesterday a share purchase agreement with Cemco Holdings covering its 51- percent interest in Union Cement Holdings Corp. (UCHC). The agreement calls for Phinma’s divestment of a total...

Business