Equinaire Holdings successfully bids for 40% stake in MMCI, Philippines
India, Sept. 9 -- Equinaire Holdings (EHL), a wholly owned subsidiary Kiri Industries, is declared the successful bidder in the public auction conducted on 8 September 2026 for the sale of 20,000,000 shares in Makilala Mining Company, Inc. (MMCI), representing 40% of MMCI's outstanding capital stock.Pursuant to an Assignment Agreement dated 22 April 2026, which became effective on 21 May 2026, EHL acquired from Maharlika Investment Corporation (MIC) all of MIC's rights, title, and interests under the Omnibus Loan and Security Agreement dated 16 May 2025 by and among MIC, MMCI, Sodor, Inc. (Sodor), Celsius Resources (CLA), and Makilala Holding (MHL), together with all underlying securities.The Auction was conducted as part of EHL's enforceme...
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