PSE Round-Up: December 12, 2012

PSE Market Summary:

The Philippine Stocks Market was down by 11.71 or .20% to close at 5,819.79. Total trades recorded were 31,926 with 99 stocks advances, 71 declines and 43 remaining unchanged.


APM Gets P 74.81B Infusion

Alcorn Gold Resources Corp (PSE:APM) approved the P74.81 billion equity infusion by businessman Lucio L. Co paving the way for the dormant oil and mining company to transform as a holding firm for Co's other businesses. The subscription will give APM ownership to various businesses as follows:
• 51% in supermarket operator Puregold Price Club, Inc.; 
• 100% in commercial property developer and lessors Ellimac Prime Holdings, Inc.; 
Go Fay & Co.; Incorporada; SVF Corp.; Nation Realty, Inc.; 118 Holdings, Inc.; 
Patagonia Holdings Corp.; Fertuna Holdings Corp.; 
• 100% in liquor distributors Premier Wine and Spirits, Inc.; Montosco, Inc.; and 
Meritus Prime Distributions, Inc.; as well as 
• 100% in oil storage tanks and facilities lessor Pure Petroleum Corp.

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