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The shares, which will pay back an once-a-year dividend produce of 4%, is usually transformed into widespread shares at the sole option of DMCI, it reported.
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“Cement production might be a fantastic addition to our small business portfolio,” Consunji, chairman of DMCI claimed in a press release in April in the event the offer was declared. “We could leverage our team’s skills and generate new profits streams from this acquisition.”
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Within a regulatory filing on Wednesday, DMCI didn’t deny its interest to diversify into your cement marketplace. “The business continues To judge various chances to broaden into new verticals such as the cement small business,” DMCI explained in a statement.
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