SBS Philippines Corporation Increases its Investment in Lakerfield Philippines Holdings Corporation

SBS Philippines Corporation has subscribed to an additional investment in Lakerfield Philippines Holdings Corporation (LPHC) in the amount of Philippine Pesos: Sixty-Six Million Six Hundred Thousand Pesos (P66,600,000.00) as additional subscription to the increase in the authorized capital stock of LPHC to maintain the thirty seven percent (37%) ownership of the Company in LPHC's outstanding capital stock.

SBS Philippines Corporation is an importer, wholesaler, and distributor of a wide range of chemical products serving a diverse set of industries which include food and beverage, industrial and detergents, feeds and agriculture, water treatment, pharmaceuticals and personal care, building and constructions, and mining and minerals. As a full-line chemical distribution company, it provides a one-stop shop business solution for various chemical requirements by engaging in multiple sourcing from producers and sells a broad range of products and ingredients, allowing choice and convenience for a more efficient and economical sourcing of its customers.

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