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ANSCOR Consolidated Corp., a fully owned subsidiary of A. Soriano
Corp., bought more shares of its parent company.
In a disclosure to the Philippines Stock
Exchange, Anscor Consolidated said it purchased 65,000 shares of
Anscor at the average price of P2.90 per share.
To date, Anscor Consolidated owns 1.043 million
shares of its parent company.
The Soriano family’s holding company also
entered into a Deed of Assignment for the sale of almost a fifth of
its stake in Phelps Dodge Philippines Inc. to General Cable Co. of
Canada last month.
Anscor sold 1.8 million shares of its stock in
Phelps, representing 18.34 percent of its stake in the company, for
a total purchase price of P641.49 million.
Anscor’s unit in the United States, Cirrus
Medical Staffing Inc., has acquired MDI Medical LLC, which provides
temporary staffing services of health care professionals in the
United States.
Under the purchase agreement, the Anscor unit
would acquire all the outstanding membership units in the Georgia
limited liability company for $2 million.
-- Katrina Mennen A. Valdez
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