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                    [ArticleID] => 312416
                    [Title] => Korea’s Kepco buys 43.8% of listed Salcon Power for P1.18B
                    [Summary] => Kepco Philippines Corp., the local subsidiary of Korea  Electric Power Corp., and other investors have agreed to acquire 43.8 percent of publicly-listed electricity generator Salcon Power Co. for P1.18 billion.


In a disclosure to the Philippine Stock  Exchange, Salcon said a total of 654.995 million of  its shares would be sold to Kephilco, a unit of Korea  Electric Power, and IJ Group for P1.80 each.


Of the total, 597.998 million shares, representing 40 percent of Salcon, will be sold to  Kephilco.


                    [DatePublished] => 2005-12-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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JAD HOLDINGS INC

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                    [ArticleID] => 312416
                    [Title] => Korea’s Kepco buys 43.8% of listed Salcon Power for P1.18B
                    [Summary] => Kepco Philippines Corp., the local subsidiary of Korea  Electric Power Corp., and other investors have agreed to acquire 43.8 percent of publicly-listed electricity generator Salcon Power Co. for P1.18 billion.


In a disclosure to the Philippine Stock  Exchange, Salcon said a total of 654.995 million of  its shares would be sold to Kephilco, a unit of Korea  Electric Power, and IJ Group for P1.80 each.


Of the total, 597.998 million shares, representing 40 percent of Salcon, will be sold to  Kephilco.


                    [DatePublished] => 2005-12-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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Korea’s Kepco buys 43.8% of listed Salcon Power for P1.18B

By Zinnia B. Dela Peña | December 16, 2005 - 12:00am

Kepco Philippines Corp., the local subsidiary of Korea Electric Power Corp., and other investors have agreed to acquire 43.8 percent of publicly-listed electricity generator Salcon Power Co. for P1.18 billion. In...

Business