Republic Cement to delist shares from local bourse
The company earlier expressed plans to delist its shares after its public float fell below the 10-per cent minimum requirement of the exchange.
AEV-CRH Holdings Inc., a 60:40 joint venture between conglomerate Aboitiz Equity Ventures Inc. and Irish cement maker CRH International, acquired a 99.09-percent stake in Lafarge Republic in September.
The PSE suspended the trading of the company´s shares on September 15, after the latter´s public float fell below the 10-per cent minimum public ownership requirement. AEV had signed a $400-million loan agreement with The Bank of Tokyo-Mitsubishi UFJ Ltd. to partially finance the cement venture.