Read this in The Manila Times digital edition.
INTEGRATED Microelectronics Inc. (IMI) on Friday reported an $84-million loss (approximately P4.7 billion) from the sale of subsidiary STI Enterprises Ltd.
In a disclosure, the Ayala-led firm said that its 80-percent stake in STI would be sold to London-based private investment firm Rcapital. STI's minority shareholders also agreed to sell their 20-percent state, it added.
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