GlobalPort 900, Inc. to approve the acquisition of Platinum Dredging, Inc.

In March 30, 2012, a Philippine port operator, GlobalPort 900, Inc. announces its acquisition of Platinum Dredging, Inc. A special meeting of the Board of Directors of GlobalPort 900, Inc. was called and held in March 30, 2012 to approve the acquisition by Globalport 900, Inc. of 100% of the total issued and outstanding capital stock of Platinum Dredging, Inc. from Sultan 900 Capital, Inc. and its nominees and the subscription by Globalport 900, Inc. of the remaining 1,875,000 unissued capital stock of Platinum Dredging, Inc. for an aggregate amount of P300,000,000.00 and to authorize its Chairman/President, Dr. Michael L. Romero to sign the Share Purchase Agreement with Sultan 900 Capital, Inc. pertaining to the said acquisition. - https://www.affordablecebu.com/