MANILA, Philippines — Sy and Consunji-backed Dominion Holdings Inc. (DHI) is taking over a 20.43-percent stake in listed miner Atlas Consolidated Mining and Development Corp. from Anglo Philippine Holdings Corp. (APO).
Stock pundits expect this to jumpstart the consolidation of the mining interests of the Sy family into DHI. SM Investments Corp. still owns 34 percent of Atlas, but has indicated plans to unload this.
READ: Dominion Holdings shares surge 50% after baring Monte Sur takeover
Article continues after this advertisement
The Sy and Consunji family also jointly control the Tampakan mine, touted as Southeast Asia’s largest underdeveloped copper-gold mining project.FEATURED STORIES
