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Share-swap deal raises Lim stake in Solid group.
(From Philippine Daily Inquirer)
Byline: Doris C. Dumlao
THE LIM family will be able to increase its stake in electronics manufacturer Solid Group Inc. to 79 percent from the current 68.5 percent after the latter's share-swap deal to acquire the Destiny Cable group.
In a disclosure to the Philippine Stock Exchange yesterday, SGI said that following the share-swap deal, the company's issued shares would increase to 3.06 billion shares from the existing 1.03 billion.
As the stake held by the Lim family and SGI officers will increase, shares held by the public will be diluted to 14 percent from 21.22 percent.
This developed as the …
