CEMENT PHILIPPINES INC

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                    [ArticleID] => 264586
                    [Title] => LaFarge Cement ups capital to P29.34B
                    [Summary] => LaFarge Cement Philippines Inc. has obtained the approval of the Securities and Exchange Commission (SEC) to raise its capital to P29.34 billion from P16.05 to offset its liabilities from its parent company.


Based on documents filed with the SEC, Lafarge Cement will issue 54.24 billion shares out of the increase in its capital stock, to Lafarge S.A. of France in exchange for the settlement of long-term debt of P13.56 billion. 


Lafarge S.A. recently agreed to sell its local cement unit, Continental Operating Corp. to Republic Cement Corp.  


                    [DatePublished] => 2004-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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LaFarge Cement ups capital to P29.34B

By Zinnia B. Dela Peña | September 13, 2004 - 12:00am

LaFarge Cement Philippines Inc. has obtained the approval of the Securities and Exchange Commission (SEC) to raise its capital to P29.34 billion from P16.05 to offset its liabilities from its parent company. Based...

Business