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                    [ArticleID] => 200569
                    [Title] => Lucio Tan firm to get 25% stake in Balabac
                    [Summary] => Saturn Holdings Inc., a member company of the Lucio Tan Group, has executed a formal agreement to take in 25 percent of the shares of the publicly-listed Balabac Resources & Holdings Co. Inc. for an aggregate value of P1.231 billlion.


In a disclosure to the Philippine Stock Exchange, Balabac corporate secretary Rolando del Castillo said the closing of the deal is still subject to an exemption from the tender offer rule from the Securities and Exchange Commission, along with the increases in its capital stock to P5 billion. 


                    [DatePublished] => 2003-03-28 00:00:00
                    [ColumnID] => 133272
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ROUND PEAK REALTY AND DEVELOPMENT CORP

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                    [ArticleID] => 200569
                    [Title] => Lucio Tan firm to get 25% stake in Balabac
                    [Summary] => Saturn Holdings Inc., a member company of the Lucio Tan Group, has executed a formal agreement to take in 25 percent of the shares of the publicly-listed Balabac Resources & Holdings Co. Inc. for an aggregate value of P1.231 billlion.


In a disclosure to the Philippine Stock Exchange, Balabac corporate secretary Rolando del Castillo said the closing of the deal is still subject to an exemption from the tender offer rule from the Securities and Exchange Commission, along with the increases in its capital stock to P5 billion. 


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abtest

Lucio Tan firm to get 25% stake in Balabac

March 28, 2003 - 12:00am

Saturn Holdings Inc., a member company of the Lucio Tan Group, has executed a formal agreement to take in 25 percent of the shares of the publicly-listed Balabac Resources & Holdings Co. Inc. for an aggregate...

Business