SC voids buyer’s ‘right to top’ sale of Naga plant

SPC thus cornered eventually the asset by exercising its “right to top” in the auction’s terms of reference, raising then the facility’s purchase cost to P1.43 billion compared to the original winning offer of P1.09 billion tendered by the Aboitiz group

 

SC voids buyer’s ‘right to top’ sale of Naga plant

2015-11-09, Manila Bulletin, Myrna M. Velasco Page: B-6 Section: Business