SEC News Service Series of 2014 August 19, 2014

Abstract:

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.

Info
Source InstitutionSecurities and Exchange Commission
Source URLhttp://www.sec.gov.ph/aboutsec/SEC%20News/SEC_News_081914.pdf
Page Count14
Place of PublicationMandaluyong City
Original Publication DateAugust 19, 2014
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