Republic Glass takes more shares in SPPI - BusinessWorld Online

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Republic Glass takes more shares in SPPI - BusinessWorld Online
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Republic Glass Holdings Corp. has increased its stake in Science Park of the Philippines, Inc. (SPPI) to 12.88% after it acquired around 3.8 million shares in the industrial estate developer. READ:

“The acquisition is expected to expand the profitability of the Company,” the listed company firm said on Tuesday.

“The consideration for the acquisition was funded entirely from internally generated funds. The percentage of equity associated with shares purchased today are the equivalent to 0.61% of SPPI,” it said.

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