COVER SHEET
D
M C I
A S O 9 5 0 0 2 2 8 3
SEC Registration Number
H O L D I N G S , I N C .
(Company's Full Name)
3
R D
F L R .
D A C O N
B L D G .
2 2 8 1
C
H I N O
R O C E S
A V E . M A K A T I
C I T Y
(Business Address: No., Street City / Town / Province)
HERBERT M. CONSUNJI
Contact Person
8888-3000
Company Telephone Number
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Total Amount of Borrowings
Total No. of Stockholders
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Remarks: Please use BLACK ink for scanning purposes
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SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. December 2, 2024
Date of Report (Date of earliest event reported)
2. SEC Identification Number ASO95-002283 | 3. BIR Tax Identification No. 004-703-376 |
4. DMCI Holdings, Inc.
Exact name of issuer as specified in its charter
5. | Philippines | 6. | (SEC Use Only) | ||
Province, country or other jurisdiction of | Industry Classification Code: | ||||
incorporation | |||||
7. | 3/F Dacon Building, 2281 Don Chino Roces Avenue, Makati City | 1231 | |||
Address of principal office | Postal Code | ||||
8. | (632) 8888-3000 | ||||
Issuer's telephone number, including area code | |||||
9. | Not applicable | ||||
Former name or former address, if changed since last report |
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | No. of Shares Outstanding | Amount |
Common Shares | 13,277,470,000 | Php13,277,470,000.00 |
Preferred Shares | 960 | 960.00 |
TOTAL | 13,277,470,960 | Php13,277,470,960.00 |
11. Indicate the item numbers reported herein: Item 9
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We would like to inform the investing public of the following press release
Consunji Group finalizes acquisition of majority stake in CEMEX Holdings Philippines
The Consunji Group, through its diversified engineering conglomerate DMCI Holdings, Inc. (PSE: DMC), Semirara Mining and Power Corporation (PSE: SCC) and Dacon Corporation, announced today that it has successfully completed its acquisition of Cemex Asian South East Corporation (CASEC) with a purchase price of $272 million.
The deal secures nearly 90% ownership in CEMEX Holdings Philippines Inc. (PSE: CHP), marking the group's strategic expansion into the cement manufacturing sector, with the completion of the transaction taking effect on December 2, 2024.
CHP, which wholly owns APO Cement Corporation and Solid Cement Corporation, currently has a combined annual production capacity of 5.7 million tons. This capacity is expected to grow to
7.2 million tons by early 2025 upon the completion of the expansion plant at Solid Cement Corporation.
"We are excited to welcome CEMEX Holdings Philippines into the DMCI group," said DMC, SCC and CHP Chairman of the Board Isidro A. Consunji. "This acquisition aligns with our core expertise in engineering and construction and dedication to contributing to the infrastructure development of the Philippines."
To ensure a seamless transition, DMC Board Advisor, Executive Vice President and Chief Finance Officer, Herbert M. Consunji, has been appointed as President and Chief Executive Officer of CHP. He will lead turnaround efforts to further streamline operations and unlock synergies.
"Our priorities are to enhance the logistics network, optimize the product mix, manage production and operating costs, and leverage on potential operating synergies within the DMCI ecosystem," said Herbert M. Consunji.
The acquisition is anticipated to strengthen the DMCI ecosystem, with captured markets for coal, long-term contracted power capacity, fly ash, and cement products.
At the financial close, DMC secured a 51% effective stake in CHP, while SCC and Dacon Corporation accounted for 10% and approximately 29%, respectively.
About DMCI Holdings
DMCI Holdings, Inc. is the only publicly listed holding company in the Philippines with engineering and construction as its core competency. Its companies are industries vital to national development, including construction, real estate, mining, power generation and water distribution.
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About Semirara Mining and Power Corporation
Semirara Mining and Power Corporation (SCC) is the largest and most modern coal producer in the Philippines. It is a vertically integrated power generation company in the country that runs on its own fuel (coal). SCC is 56.65% owned by DMCI Holdings, Inc.
Forward-Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMC, SCC or indicated by any such forward looking statements, will be achieved.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DMCI Holdings, Inc.
Issuer
December 2, 2024
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