Klarence T. Dy, Glenn Paul R. Garcia, Gilpatrick R. Garcia, Alfonso S. Anggala and Johnny S. Anggala completed the acquisition of 97.14% stake in Mariwasa Siam Holdings, Inc. from members of the family of Regina S. Co Seteng and other entities owned by them.
December 09, 2012 at 11:00 pm EST
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Klarence T. Dy, Glenn Paul R. Garcia, Gilpatrick R. Garcia, Alfonso S. Anggala and Johnny S. Anggala signed a conditional agreement to acquire 97.14% stake in Mariwasa Siam Holdings, Inc. (PSE:MMI) from members of the family of Regina S. Co Seteng and other entities owned by them for approximately PHP 190 million on November 5, 2012. The buyers will acquire 1.1 billion common shares in Mariwasa Siam Holdings at PHP 0.176 per share. Klarence T. Dy, Glenn Paul R. Garcia, Gilpatrick R. Garcia, Alfonso S. Anggala and Johnny S. Anggala will acquire 40%, 18.5%, 4.6%, 30% and 6.9% respectively. The sellers include PI Manufacturing Inc., Gosoc & Sons Sy Gui Huat, Inc, Prima Mercantile Inc, Square Deal Realty Corp., United Forwarders, Inc., Emerald Ceramics Manufacturing Inc, Rey Equipments & Services Inc., Rosario Motor Works, Inc. and Corrie Realty Incorporated. The transaction will be funded from personal funds of the investors. The transaction is subject to regulatory requirements and certain conditions precedent.
Klarence T. Dy, Glenn Paul R. Garcia, Gilpatrick R. Garcia, Alfonso S. Anggala and Johnny S. Anggala completed the acquisition of 97.14% stake in Mariwasa Siam Holdings, Inc. (PSE:MMI) from members of the family of Regina S. Co Seteng and other entities owned by them on December 10, 2012.
The Keepers Holdings, Inc. is a Philippines-based company, which is engaged in liquor distribution. The Company's offers products include brandy, wines, specialty beverages and other spirits. The Company's subsidiaries include Montosco, Inc., which is engaged in liquor importing and distributing; Meritus Prime Distribution, Inc., which is in the business of buying, selling, exporting, manufacturing, bottling, and distribution, and Premier Wines and Spirits, Inc. buys, sells, distributes and markets at wholesale all kinds of goods, commodities and merchandise with an impressive balance of spirits, wines, and specialty beverages. Its brands include Alfonso, Johnnie Walker, Chivas Regal, Glenfiddich, Jose Cuervo, Jim Beam, Martell, Absolut, Red Bull, Jinro, and Island Mixers.
Klarence T. Dy, Glenn Paul R. Garcia, Gilpatrick R. Garcia, Alfonso S. Anggala and Johnny S. Anggala completed the acquisition of 97.14% stake in Mariwasa Siam Holdings, Inc. from members of the family of Regina S. Co Seteng and other entities owned by them.