Belle Corp., the property and gaming arm of the SM Group, is considering the sale of part of its stake in Sinophil Corp., for $150 million to $200 million to "maximize the liquidity" of Sinophil's shares.
"[There is] no timetable yet. There's reallty no urgent need to do the placement for cash-raising purposes, except that it may be fgood to provide liquidity & wider research coverage for the stock," Willy N. Ocier, Belle's vice-chairman, said in a text message on Monday.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||August 19, 2014|