MANILA, Philippines — Pure Energy Holdings Corp. (PEHC), backed by businessman Dexter Tiu, and Quadwater Corp. are set to secure a majority stake in listed Coal Asia Holdings for P220.9 million.
In a disclosure on Monday, Coal Asia said five of its stockholders signed a share purchase agreement with PEHC, Pure Water Corp. (Pure), and other parties involved in the transaction.
https://business.inquirer.net/549807/coal-asia-shareholders-sell-72-stake-to-pure-energy-2-water-firms