SBS expands investment portfolio !-- -- Richmond Mercurio (The Philippine Star) - December 30, 2019 - 12:00am MANILA, Philippines Listed SBS Philippines Corp. is expanding its horizon for growth through strategic investments in related assets and businesses.

The publicly listed company is acquiring additional shares of its affiliate Aychester Holdings Corp. and subscribe in a related company, Goldchester Holdings Corp.

The additional subscription and acquisition of additional shares, it said, are in line with the diversification plan of SBS Group. Aychester, an affiliate company of SBS, has approved to increase its authorized capital stock.

To maintain its shareholding interest of 25 percent, SBS said it would have to subscribe to such increase. Goldchester, on the other hand, is an affiliate of the company through the direct investment of SBS Holdings and Enterprises Corp.

, a subsidiary of the company. SBS said the dilution of its interest in SBS Holdings resulted in an indirect dilution of its shareholdings in Goldchester.

Thus, the company said it would subscribe to up to 7.75 percent holdings in Goldchester through share subscription, which together with its indirect 9.

15 percent shareholdings via SBS Holdings, would help maintain its holding interest. SBS was established in 2001 originally as Sytengco Philippines Corp.

The firm sells chemicals that are used in manufacturing processes and as components of or ingredients in other products. In 2017, it formed a subsidiary, Lence Holdings Corp.

, which served as the acquisition vehicle for the investment in warehouse facility complex.

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