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2007-11-8 10:29:00 a.m. HKT, XFNA
Philippine San Miguel shares suspended from trading pending material
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disclosure
MANILA (Thomson Financial) - Trading in the shares of Philippine-based
San Miguel Corp, Southeast Asia's largest publicly-listed food and beverage
group, was suspended in early trade Thursday pending a material disclosure
within the day.
The trading suspension came shortly after Japanese brewer Kirin Holdings
Co Ltd announced in Tokyo Thursday it will acquire 100 percent of Australian
dairy company National Foods Ltd from San Miguel Corp for 294 billion yen.
In Sydney, Australian brewing and wine group Lion Nathan Ltd announced
Thursday it has agreed to buy boutique Australian brewing group J Boag & Son
from San Miguel for 325 million Australian dollars.
San Miguel's A shares, limited to Filipinos, last traded at 55 pesos,
down 0.9 percent. Its B shares were steady at 58 pesos.
(1 US dollar = 112.78 yen, 1.08 Australian dollars, 43.41 pesos)
enrico.delacruz@thomson.com ed/jg
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