As disclosed to the PSE yesterday, 25 April 2024, CHP’s indirect parent, Cemex Asia B.V. (“CABV”) signed an agreement with DMCI Holdings, Inc., Semirara Mining and Power Corporation and Dacon Corporation (collectively, the “Buyers”) for the sale of 42,140,266 common shares, representing 100% of the outstanding capital stock, of Cemex Asian South East Corporation (“CASEC”), the majority shareholder of CHP holding 89.86% of its outstanding capital stock. Through this agreement and subject to the satisfaction of various pre-closing conditions, the Buyers would become the 89.86% indirect shareholder of CHP upon closing.
Based on information provided by CABV, please find below the formula for computing the derived price per share in CHP which is US$ 0.025210 or PHP 1.42 per share :
Estimated purchase price for CASEC shares: US$ 305,599,368 Price per share: US$ 305,599,368 / 12,121,954,662 (number of CHP shares which CASEC owns) Price per share of Cemex Holdings Philippines, Inc.: US$ 0.025210 or PHP 1.42 |