C03760-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common shares | 286,325,265 |
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Subject of the Disclosure |
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PHINMA, ANFLOCOR strengthen partnership with upcoming Davao cement facility |
Background/Description of the Disclosure |
PHINMA Corporation (“PHINMA”) subsidiary Philcement Corp. (“Philcement”) announced on June 4, 2024 that it has signed joint venture agreements with Anflo Group management and investment company ANFLOCOR to build a modern cement manufacturing plant in Davao del Norte. The earlier signing is a testament to stronger business relations between the del Rosarios and the Floirendos that will bolster their position as pioneers of infrastructure development and economic progress in the region. |
Other Relevant Information |
Philcement Corporation, a 60% owned subsidiary of PHINMA Corporation, is engaged in the manufacture, importation, processing, distribution, and sale of cement products. It currently operates a cement processing facility in the Freeport Area of Bataan in Mariveles. |
Name | Rolando Soliven |
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Designation | Vice President Corporate Governance and Chief Compliance Officer |