Cement News tagged under: Southeast Asia Cement Holdings (Seacem)
Seacem sells shares to comply with public float, Philippines07 June 2013, Published under Cement NewsPhilippine-based Southeast Asia Cement Holding (Seacem) is selling PHP194m worth of shares to comply with the 10 per cent minimum public ownership set by the country’s stock exchange. Seacem said in a disclosure to the Philippine Stock Exchange that it had signed a subscription agreement with two subscribers involving the sale of 555m at PHP0.35/share. The shares account for 7.9 per cent of the company’s outstanding capital stock. The share would boost the cement manufacturer’s public o... |
Seacem sells 4.3 per cent in Lafarge Republic, Philippines08 March 2013, Published under Cement NewsSoutheast Asia Cement Holdings, Inc (Seacem) has sold around four per cent of its stake in affiliate Lafarge Republic, Inc. "Seacem has... sold 50 million of its shares of stock of Lafarge Republic, or 4.3 per cent of Seacem's total Lafarge Republic shares, to the public consisting mostly of institutional investors," Seacem said in a disclosure yesterday. |
The Philippines: Southeast Asia Cement reports eightfold profit growth in 201212 February 2013, Published under Cement NewsSoutheast Asia Cement Holdings Inc (Seacem) grew its profits by more than eightfold last year, the company said. "The board of directors approved the separate audited financial statements of the corporation for the fiscal year ended 31 December 2012, showing a profit for the year of PHP3753m (US$92.2m) for the parent company," Seacem said. Last year's profits are a big jump from the PHP449m earned in 2011, the company said in an e-mail yesterday when sought for details. Seacem became a ... |
Seacem in voluntary buy back offer, Philippines09 October 2012, Published under Cement NewsSoutheast Asia Cement Holdings Inc (Seacem) is launching a voluntary tender offer to buy back up to 93 percent of its shares in exchange for a mix of shares in its majority-owned subsidiary Lafarge Republic Inc. (LRI) and cash. Based on its disclosure to the Philippine Stock Exchange (PSE) on Monday, the board of Seacem approved the buyback of a total of 989.34 million shares in exchange for Seacem’s shares in LRI at an exchange ratio of 3.73 Seacem shares for every one LRI common shar... |
Seacem trims stake in Lafarge Republic, Philippines05 September 2012, Published under Cement NewsSoutheast Asia Cement Holdings (Seacem) on Tuesday sold a 2.3 per cent stake in Lafarge Republic Inc (LRI) to local institutional investors for PHP1.14bn (US$27m). Seacem sold 136 million of its LRI shares at PHP8.40/share, according to disclosures by both companies to the Philippine Stock Exchange (PSE). Aside from raising fresh funds, Seacem’s move to reduce its stake in LRI is part of measures to boost the public float of the latter to meet the 10 per cent minimum by the PSE for a c... |
Seacem to sell Lafarge Republic shares, Philippines03 September 2012, Published under Cement NewsSoutheast Asia Cement Holdings (Seacem) plans to reduce its stake in Lafarge Republic Inc, either through a property dividend, share swap or other available – to allow the latter to meet its public float requirements. The two companies announced in separate disclosures to the Philippine Stock Exchange (PSE) on Friday, that Seacem plans to sell some of its shares in the majority-owned Lafarge unit. Based on PSE’s latest data, Lafarge Republic Inc has a public ownership of only 3.7 per cent... |
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