EasyCall Communications Philippines Inc. disclosed Monday that it will divest its 3.8 percent stake in EPerformax International Inc. through a share sale agreement with TDG Ventures Inc. This strategic move is aligned with EasyCall’s focus on concentrating resources within its core operating business areas.
The sale will involve 22.1 million shares of ePI, valued at P44,933,843 based on the latest audited financial statements of EasyCall. This price represents a significant appreciation from EasyCall’s initial investment of approximately P19.2 million, highlighting a more than double increase in value. The agreed share price stands at P2.034 per share.
ePI, a holding company primarily engaged in business process outsourcing services, especially contact center operations, remains a key player in its sector. However, the management of EasyCall believes that the proceeds from the sale will provide vital cash flow to support future expansions in its core business segments or address other strategic financial needs.
Under the terms of the agreement, the transaction will be settled via a bank transfer, with 25 percent of the payment due upon execution of the share sale agreement. The balance is expected to be settled on or before 30 June 2025.
