Themis buys 23% stake in Ferronoux for P80M

By The Manila Times

Dec 14, 2024 12:16 am

LISTED holding firm Ferronoux Holdings Inc. said Friday that it was selling a 23.4-percent interest in the firm, equivalent to 80 million shares at the par value of P1.00 each, to Themis Group Corp. via a private placement.

Ferronoux, owned by businessman Michael Cosiquien, told the stock exchange that the shares would be taken from authorized but unissued capital stock.

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