JAMES A. LOYOLA
Manila Bulletin
MANILA, Philippines — Diversifying conglomerate San Miguel Corporation expects to seal an agreement for a major acquisition of an Asian company in July this year.
In an interview with reporters, SMC president Ramon S. Ang said the target company is one that SMC has been eyeing for a long time and they just could not let the opportunity pass even though the firm has shifted focus in its investment strategy from overseas expansion to domestic diversification.
While not naming the company or the industry its in, Ang said it is a company with ‘very big potential, very profitable and has a good network.”
“We can’t let this opportunity pass,” Ang said Tuesday at a briefing after San Miguel’s annual stockholders’ meeting.The target company in Asia is “very profitable and it has a big potential,” he said, declining to elaborate. San Miguel, a brewer for more than a century, plans to double its power- generation capacity in five to seven years, Chairman Eduardo Cojuangco told shareholders today.
Read here.
Manila Bulletin
MANILA, Philippines — Diversifying conglomerate San Miguel Corporation expects to seal an agreement for a major acquisition of an Asian company in July this year.
In an interview with reporters, SMC president Ramon S. Ang said the target company is one that SMC has been eyeing for a long time and they just could not let the opportunity pass even though the firm has shifted focus in its investment strategy from overseas expansion to domestic diversification.
While not naming the company or the industry its in, Ang said it is a company with ‘very big potential, very profitable and has a good network.”
“We can’t let this opportunity pass,” Ang said Tuesday at a briefing after San Miguel’s annual stockholders’ meeting.The target company in Asia is “very profitable and it has a big potential,” he said, declining to elaborate. San Miguel, a brewer for more than a century, plans to double its power- generation capacity in five to seven years, Chairman Eduardo Cojuangco told shareholders today.
Read here.
No comments:
Post a Comment