MPIC exec: Axelum deal 'still in process'

TOKYO: Metro Pacific Investments Corp. (MPIC) has yet to complete its acquisition of roughly a 35-percent stake in Axelum Resources Corp. (ARC) after the two parties mutually agreed to extend the due diligence process. Chaye Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, said in a media briefing last Friday that the conglomerate's P5.3-billion investment in the coconut product

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