Business

Steniel Manufacturing: Disposition of Shares

The Board approved the sale of Steniel Manufacturing Corp.‘s (PSE: STN) 9.25 million common shares in Steniel Mindanao Packaging Corporation to Greenkraft Corporation, Corbox Corporation, Goldenbales Corporation, Rex Chua and Clement Chua, and designated the Chairman, to negotiate the terms of the sale and to execute the deed of assignment and proper instruments of transfer.

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