After divesting two of its major businesses, Philippine-listed Republic Glass Holdings Corp. is considering new businesses, including information technology.
Republic Glass corporate information offi…
After divesting two of its major businesses, Philippine-listed Republic Glass Holdings Corp. is considering new businesses, including information technology. Republic Glass corporate information officer Florence Wong said the company“s board of directors recently approved a PHP 750-million allocation from the company“s retained earnings for future business deals. The company sold two assets valued at PHP 1.19 billion in May. It sold its 51% stake in Republic-Asahi Realty Corp. to local property developer Casa del Sol Development Corp., and its 51% stake in Republic-Asahi Glass Corp. to Japan“s Asahi Glass Co., the world“s second largest manufacturer of flat glass.