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                    [ArticleID] => 158263
                    [Title] => Multitech to acquire Intercontinental Paper
                    [Summary] => Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million.


In a disclosure to the Philippine Stock Exchange (PSE), MIC said its board of directors has approved the subscription of 560 million of its common shares by the stockholders of IPII, which shall be paid in the form of common IPII shares hence resulting in MIC taking over majority control of the paper manufacturer.


                    [DatePublished] => 2002-04-23 00:00:00
                    [ColumnID] => 133272
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ORION SAVINGS BANK

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                    [ArticleID] => 158263
                    [Title] => Multitech to acquire Intercontinental Paper
                    [Summary] => Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million.


In a disclosure to the Philippine Stock Exchange (PSE), MIC said its board of directors has approved the subscription of 560 million of its common shares by the stockholders of IPII, which shall be paid in the form of common IPII shares hence resulting in MIC taking over majority control of the paper manufacturer.


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abtest

Multitech to acquire Intercontinental Paper

April 23, 2002 - 12:00am

Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million. In a disclosure to the Philippine...

Business