Liberty Flour Mills considers land sale to subsidiary - BusinessWorld Online

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Liberty Flour Mills considers land sale to subsidiary - BusinessWorld Online
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LISTED firm Liberty Flour Mills, Inc. (LFM) is entering a memorandum of understanding (MoU) with its subsidiary for the potential sale of a building and the 1,009-square meter (sq.m.) lot where it sits.

SIMONA SERGI-UNSPLASHis entering a memorandum of understanding with its subsidiary for the potential sale of a building and the 1,009-square meter lot where it sits.

LFM said that it plans to execute the deed of sale with its subsidiary once it secured a favorable recommendation from the chosen independent-third party financial adviser. “Both parties commit and accept to issue shares that will be in compliance with the 20% public float policy and with all the necessary approval from the relevant regulators,” it said.

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