ASIAN ALCOHOL AND ABSOLUTE CHEMICALS

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                    [ArticleID] => 292999
                    [Title] => Tanduay acquires two liquor firms for P1.25B
                    [Summary] => Tanduay Distillers Inc. (TDI), the liquor unit of tobacco and beer magnate Lucio Tan’s Tanduay Holdings Inc., has paid P1.25 billion for the acquisition of a 90-percent stake in Asian Alcohol  Corp. and Absolute Chemicals Inc.


In a disclosure to the Philippine Stock Exchange, TDI said funding for the aquisitions came from its existing credit lines with local banks amounting to P3 billion.


TDI said Asian Alcohol and Absolute Chemicals will increase their capital stocks to facilitate the entry of TDI.


                    [DatePublished] => 2005-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Tanduay acquires two liquor firms for P1.25B

By Zinnia B. Dela Peña | August 23, 2005 - 12:00am

Tanduay Distillers Inc. (TDI), the liquor unit of tobacco and beer magnate Lucio Tan’s Tanduay Holdings Inc., has paid P1.25 billion for the acquisition of a 90-percent stake in Asian Alcohol Corp. and Absolute...

Business