Lavish Sources Limited, Exquadra Inc., Quantumlink Realty Corporation and Citiworld Properties & Development Corporation (bidders) made an offer to acquire 33% stake in Chemical Industries of the Philippines, Inc. (PSE:CIP) for approximately PHP 600 million on December 11, 2019. The bidders will acquire 3.4 million shares at PHP 177.63 per share. In related transaction the bidders agreed to acquire 56.97% stake in Chemical Industries of the Philippines, Inc. The offer will start on December 16, 2019 and close on January 27, 2019. Michelle Catimbuhan of COL Financial Group Inc. acted as agent in the offer for bidders. Lavish Sources Limited, Exquadra Inc., Quantumlink Realty Corporation and Citiworld Properties & Development Corporation (bidders) completed the acquisition of 21.09% in Chemical Industries of the Philippines, Inc. (PSE:CIP) for approximately PHP 390 million on January 27, 2020. 2.17 million shares were tendered as of January 27, 2020.