South China Resources Sells Shares in Premiere Development Bank

Makati–(PHStocks)–South China Resources Inc. (PSE: SOC), pursuant to its agreement with Security Bank Corp. (PSE: SECB) on 1 June 2011, and the approval of the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on 20 January 2012, sold today its 351,454 shares in Premiere Development Bank at a price of PhP181.75 per share.