By Doris Dumlao
Philippine Daily Inquirer
First Posted 13:56:00 05/22/2009
Food, Beverages, Mergers - Acquisitions - Takeovers, Economy and Business and Finance
MANILA, Philippines--Kirin Brewery of Japan has completed its divestment of a 19.9- percent stake in San Miguel Corp. by selling it to a group led by businessman Roberto Ongpin for about P40 billion.
Some 314 million SMC B shares -- open to foreign investors -- were crossed at the Philippine Stock Exchange at a price of P63 per share on Friday, stock market sources said.
Kirin earlier made a deal to sell its stake in SMC to Q-Tech Alliance Holdings Inc.
Among the local incorporators of Q-Tech are Ongpin and Petron Corp. president Eric Recto.
3. Maybank 155014038030 (Khairul Nizam Bin Abd Ghani)