Article: Ongpin-Ashmore group buying control of Atok-Big Wedge.(Main Business)

The Roberto Ongpin-Ashmore Group is seeking to acquire a controlling stake in mining firm Atok-Big Wedge Company Inc. with a planned investment of about P60 million and use it for investments in mining as well as oil and gas exploration.In a disclosure to the Philippine Stock Exchange (PSE) Monday, Atok-Big Wedge said it has received a firm proposal from Boerstar Corporation for its entry as the controlling investor in the mining firm.Boerstar is a local firm with significant investments in Philweb Corporation, ISM Communications Corporation, Philex Mining Corporation, and Alphaland Corporation. It is owned and controlled by Ongpin and Eric Recto who represent the Ashmore ...

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