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Seafront divests HEDC stake, targets energy - BusinessWorld Online

Summary by bworldonline.com
LISTED holding company Seafront Resources Corp. (SPM) has divested its stake in Hermosa Ecozone Development Corp. (HEDC) under a P325-million deal, as it looks for potential investments in the energy sector. SPM sold its entire 11.33% stake in HEDC, equivalent to 1 million common shares, the holding company said in a regulatory filing on Wednesday. The shares were sold to Science Park of the Philippines, Inc., Regatta Holdings, Inc., and Asset G…

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Seafront divests HEDC stake, targets energy - BusinessWorld Online

LISTED holding company Seafront Resources Corp. (SPM) has divested its stake in Hermosa Ecozone Development Corp. (HEDC) under a P325-million deal, as it looks for potential investments in the energy sector. SPM sold its entire 11.33% stake in HEDC, equivalent to 1 million common shares, the holding company said in a regulatory filing on Wednesday. The shares were sold to Science Park of the Philippines, Inc., Regatta Holdings, Inc., and Asset G…

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bworldonline.com broke the news in on Wednesday, July 9, 2025.
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