SEC News Service Series of 2014 August 19, 2014


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 InstitutionSecurities and Exchange Commission
Source URL
Page Count14
Place of PublicationMandaluyong City
Original Publication DateAugust 19, 2014