Cemex Asian South East Corporation made an offer to acquire additional 11.9651% stake in CEMEX Holdings Philippines, Inc. (PSE:CHP) for approximately PHP 2 billion on January 25, 2023. The transaction is expected to complete on March 16, 2023. BDO Capital & Investment Corp. acted as financial advisor to Cemex Asian South East Corporation.

Cemex Asian South East Corporation completed the acquisition of additional 11.9651% stake in CEMEX Holdings Philippines, Inc. (PSE:CHP) on March 30, 2023.