First Pacific buys shares of Philippines' largest mining firm
People Daily (Free subscription) | 10/04/2008
Copper-gold producer Philex Mining Corp., the largest mining company of the Philippines, on Friday said it has agreed to sell 20.16 percent of its stake to the Hong Kong conglomerate First Pacific Co. Ltd.. First Pacific will buy 778.44 million shares of Philex Mining Corp. for 6.2 billion pesos (131.9 million U.S. dollars) in total, according to a disclosure of Philex to the Manila stock...
- add comment
- send to a friend
- Explore : Business, Copper, Gold, Hong Kong, Mining, Philippines
