SBS buys into LPHC to maintain 37% stake

By Earl John Alfaro

Sep 24, 2024 12:19 am

CHEMICAL supplier SBS Philippines Corp. has subscribed to P66 million worth of additional shares in Lakerfield Phils Holdings Corp. (LPHC) to prevent its stake in the firm from diminishing.

In a disclosure to the Philippine Stock Exchange (PSE), SBS said the investment is 'to maintain the 37-percent ownership of the company in LPHC's outstanding capital stock.'

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