Tile firm Mariwasa receives takeover offer from Lucio Co

Listed holding company Mariwasa Siam Holdings Inc. has received takeover offers from different parties looking for a potential backdoor listing opportunity. In a disclosure to the Philippine Stock Exchange, the firm said that supermarket tycoon Lucio Co's group was one of those offering to take over the company, though nothing formal has been agreed upon yet. Mariwasa Siam Holdings, Inc. is an investment holding company with one wholly owned subsidiary, Mariwasa Siam Ceramics, Inc. Shares of Mariwasa closed 2.2 percent higher on Monday at P6.03 from P5.90 Friday. — BM, GMA News