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Sumitomo buys into Philcement

Manila Bulletin

|

September 18, 2025

Despite challenges faced by the local cement industry, Sumitomo Osaka Cement Co. Ltd. of Japan is acquiring a 15-percent stake in Phinma Corp.'s subsidiary Philcement Corp.

Phinma disclosed to the Philippine Stock Exchange (PSE) that Philcement has signed a share subscription agreement with Sumitomo for the acquisition through the issuance of new or primary shares.

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