Taiheiyo Cement Philippines, Inc. announced that it will receive PHP 12,500,000,000 in an equity round of funding on June 8, 2021. The transaction will include participation from returning investor, Taiheiyo Cement Corporation (TSE:5233) to retain 100% stake in the company. The company will receive payment in a total of 6 tranches, planned from July 2021 to January 2024. The transaction has been approved by board of directors of Taiheiyo Cement Corporation (TSE:5233). Post to the transaction, the capital of the company will increase from PHP 2,180,000,000 to PHP 14,680,000,000.