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Ayala-led Integrated Micro-Electronics Inc. (IMI) said its net loss widened to $109.19 million last year from $6.75 million in the previous year. The company said its financial results included one-time losses of $106.1 million related to the sale of STI Enterprises Ltd. which was divested on October 31, and impairment… ....
The firm said that this was due to losses from STI Ltd. that it still booked while working on a divestment transaction with London-based investment firm Rcapital. The firm announced in August that it had agreed, along with STI s minority shareholders, to sell their respective 80-percent and 20-percent stakes in the firm. ....
Ayala's IMI concludes divestment of British subsidiary inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Kultivation Festival 2023: Highlighting Filipino culture in Manitoba cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
Ayala Corp. on Tuesday said it has divested its majority stake in a German auto parts maker, as the company said it will focus on its core businesses of real estate, banking, power and telecommunications. In its disclosure, the company said it sold its 92.45-percent stake in MT Technologies GmbH… ....