On September 16, 2025, Philcement Corporation (“Philcement”) and Sumitomo Osaka Cement Co. Ltd (“SOC”) signed a Share Subscription Agreement (“Agreement”), marking a significant milestone in the expansion of Philcement’s operational capabilities. Under the terms of the Agreement, SOC will acquire a 15% stake in Philcement through the issuance of primary shares. The transaction is expected to close before the end of the year, pending the satisfaction of customary closing conditions.

This transaction underscores Philcement’s commitment to enhancing its manufacturing operations and strengthening its market presence. By partnering with SOC, a company with over a century of expertise in the cement industry, Philcement aims to provide Filipino consumers with a reliable, high-quality supply of cement products under its iconic Union Cement brand.

Upon completion of the transaction, PHINMA Corporation will continue to hold the majority share of Philcement, ensuring the continuity of its strategic vision and operational leadership.

Security Bank Capital’s Role

Security Bank Capital Investment Corporation (“Security Bank Capital”) served as the Financial Advisor to SOC. Security Bank Capital is honored to have facilitated this strategic transaction, leveraging its experience and expertise in mergers and acquisitions.

“We are thrilled to have played a pivotal role in this significant transaction, which aligns with SOC and Philcement’s strategic growth initiatives,” said Virgilio O. Chua, President and CEO of at Security Bank Capital. “This partnership between Philcement and SOC is poised to deliver substantial benefits to both parties and contribute to the development of the Philippine cement market.”