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Consunji’s acquisition of cement biz fails to boost investor confidence

By Inquirer - 7 months ago
MANILA, Philippines — News of Consunji-led companies acquiring cement manufacturer Cemex Holdings Philippines Inc. (CHP) drew negative sentiments from the market on Friday, with the cement firm’s shares plunging by nearly 30 percent. This came a day after the Consunji group announced it was buying all 42.14 million shares held by Cemex Asia BV in

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