LISTED chemical distributor firm SBS Philippines Corp., through its subsidiary SBS Holdings and Enterprises Corp., said on Tuesday that it has acquired a 17 percent equity stake in Goldchester Holdings Corp. for P480.1 million.

The stake represents 150,000 common shares of Goldchester Holdings, which owns a 3.1-hectare prime real estate property situated along Balintawak, Quezon City close to the LRT transit convergence point, Skyway extension and the Cloverleaf Balintawak projects.

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