Philcement Corp., a unit of conglomerate Phinma Corp., on Tuesday said it signed a share purchase agreement to acquire Petra Cement Inc. Philcement Mindanao Corp., a subsidiary of Philcement, will pay P500 million in exchange for 100 percent of the outstanding shares of Petra, the company said. The transaction is…
Phinma Corp. said its 9-month income went up by 5 percent to P1.34 billion from the previous year’s P1.26 billion. Consolidated revenues for the period rose to P15.43 billion, 15 percent higher than the previous year’s P13.42 billion, due to the record enrollment of its education business and the consolidation…
Phinma maps expansion after control over units - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
PHINMA Corp. has completed the acquisition of shares in key businesses and property assets from parent Phinma Inc. as part of a strategic consolidation.