09-Sept-2026 08:36:13
KIRIINDUSAcquisition and merger
KIRI INDUS : PHILIPPINES STEP-DOWN SUBSIDIARY ACQUIRES 40% EQUITY OF MAKILALA MINING COMPANY
• Equinaire Holdings Limited (EHL), wholly owned subsidiary, declared successful bidder in auction for 20,000,000 shares of Makilala Mining Company, Inc. (MMCI) • Shares represent 40% of MMCI's outstanding capital stock; acquisition for USD 5,010,000.00 • MMCI developing Maalinao-Caigutan-Biyog copper-gold project in Kalinga, Philippines, over approx. 2,500 hectares • Acquisition aligns with Kiri's strategy to secure long-term copper concentrate supply for its greenfield project • Expected to be completed within 15-25 working days; subject to Philippine BIR clearances and corporate formalities
Kiri Industries Limited
Open attachment