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Home  >>   Daily News  >>Philippines>>Investment>>SM confirms investment talks with Goldilocks Bakeshop
NEWS UPDATES Asean Affairs    August  30,  2017  












SM confirms investment talks with Goldilocks Bakeshop

SM Investments Corporation (SMIC) on Tuesday confirmed a likely investment or partnership deal with Goldilocks Bakeshop is in the works.

In a filing on the Philippine Stock Exchange, the Sy-led company said it is "in preliminary discussions for a possible equity investment, joint venture or other cooperation arrangement with Goldilocks Bakeshop."

Should the deal push through, Goldilocks will be part of the SMIC retail portfolio.

"However, the said potential investment is pending and subject to regulatory approval by the Philippine Competition Commission," SMIC said.

The antitrust body is mandated to review business transactions valued at P1 billion or more, a procedure that may take up to 90 days.

SMIC counts as subsidiaries SM Prime Holdings Inc, BDO Unibank Inc., The China Banking Corporation, Belle Corporation, Atlas Consolidated Mining & Development Corporation, and The Net Group, The SM Store, SM Supermarkets, SM Hypermarkets, SaveMore and Walter Mart Supermarket.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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