MANILA, Philippines — The Consunji Group has no intention to delist cement maker Cemex Holdings Philippines Inc. in the Philippine Stock Exchange following its $305.6 million acquisition.Last week, the Consunji Group’s DMCI Holdings Inc., Dacon Corp. and Semirara Mining and Power Corp. announced the signing of a share purchase agreement with CEMEX Asia B.V. to acquire its entire holding of 42.14 million common shares in Cemex Asian South East Corp. .DMCI will acquire a 56.
“Many shareholders might seriously consider tendering their shares to avoid the risk of getting stuck,” he said. The Consunji Group has a diversified investment consisting of construction, real estate, coal and nickel mining, power generation and water distribution.Its Island and Rizal cement product brands are sold in Luzon, while the APO brand is sold in Visayas and Mindanao.
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