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Picop spins off paper mill assets.
(From Philippine Daily Inquirer)
PUBLICLY listed Picop Resources Inc. will spin off its pulp and paper mill assets into a wholly owned unit called New Paper Industries Corp.
Picop said its operations have been adversely affected by having to adopt and implement many common policies affecting both the company's industrial and non-industrial activities at the same time.
"The spin off of Picop's pulp and paper ...
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