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Tuesday, March 14, 2017 5:57:58 PM
Moreover, Philex owns 51.2% of FECOF and 60.49% of FEP.
Philex can simply sell the FEP shares owned by FECOF to itself claiming that FECOF needs the cash.
FECOF was probably set up to be a sweetener for a JV, but now FECOF is nothing more than a slow bleed to benefit Philex. And Philex can blame china. This is somewhat brilliant, yet I cannot imagine it is legal.
II
Recent FECOF News
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 06:55:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 06:53:41 PM
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