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                    [ArticleID] => 386567
                    [Title] => IPVG buys out MBF Group’s 12% stake in P250-M deal
                    [Summary] => 





Information technology conglomerate IPVG Corp. said a group led by its chairman Jaime Gonzalez will acquire the MBF Group’s 12 percent stake in the listed company for $5 million (roughly P250 million).


In a disclosure to the Philippine Stock Exchange, IPVG said an agreement had already been signed by the two parties.  


IPVG said "the purchase signifies the consolidation and strengthening of IPVG’s shareholder base, and gives a clear indication of the growing following for IPVG among local investors."  


                    [DatePublished] => 2007-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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INFOCOMM ASIA HOLDINGS PTE

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                    [ArticleID] => 386567
                    [Title] => IPVG buys out MBF Group’s 12% stake in P250-M deal
                    [Summary] => 





Information technology conglomerate IPVG Corp. said a group led by its chairman Jaime Gonzalez will acquire the MBF Group’s 12 percent stake in the listed company for $5 million (roughly P250 million).


In a disclosure to the Philippine Stock Exchange, IPVG said an agreement had already been signed by the two parties.  


IPVG said "the purchase signifies the consolidation and strengthening of IPVG’s shareholder base, and gives a clear indication of the growing following for IPVG among local investors."  


                    [DatePublished] => 2007-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

IPVG buys out MBF Group’s 12% stake in P250-M deal

By Zinnia B. Dela Peña | February 24, 2007 - 12:00am

Information technology conglomerate IPVG Corp. said a group led by its chairman Jaime Gonzalez will acquire the MBF Group’s 12 percent stake in the...

Business