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Listed AJO.net to sell out to nickel mining company

December 26, 2009

AJO.net Holdings Inc. on Wednesday said it will be sold to Marcventures Mining and Development Corp. (MMDC). In a disclosure to the Philippine Stock Exchange, AJO.net said that it entered into a memorandum of agreement with MMDC for the possible purchase of the company for P1.3 billion.

“Subject to the favorable results of their respective due diligence and the execution of the implementing agreements, the MMDC Shareholders shall assign all outstanding shares worth P1.3 billion in consideration for the issuance of new AJO shares,” the listed company said. READ MORE>>>


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hekasi and social and makaabayan and history are 1 meaning only

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