<article>Motorcycle products retailer <a style="color: #000080;" href="http://motoracephil.com/201208/" target="_blank">Motor Ace Philippines Inc</a> has acquired a 25 per cent stake in <a style="color: #000080;" href="http://www.makatifinance.ph/" target="_blank">Makati Finance Corp</a> investing up to $1.5 million.</article>

Motorcycle products retailer <a style="color: #000080;" href="http://motoracephil.com/201208/" target="_blank">Motor Ace Philippines Inc</a> has acquired a 25 per cent stake in <a style="color: #000080;" href="http://www.makatifinance.ph/" target="_blank">Makati Finance Corp</a> investing up to $1.5 million.
Makati Finance disclosed the transaction took place over the weekend in a special block sale on the Philippine Stock Exchange.
Motor Ace bought a total of 52,391,371 common shares of Makati Finance priced at P1.40 per share.
Amalgamated Investment Corp served as seller of the Makati Finance shares.
Headquartered in Manila, Motor Ace is engaged in the retail sales of popular motorcycle brands such as Honda, Yamaha, Kawasaki, and Suzuki. Its goal is to become the leader in the motorcycle dealership industry.
Incorporated in 1966 as Makati Investment and Finance Corp, Makati Finance&#8217;s commercial operations started with engaging in stock dealership functions, credit line extensions, and acceptance of private placements. Today, the firm&#8217;s business operations involve sales and marketing, evaluation and approval of loan applications, and collection of loan accounts.
Besides its MC Financing group, Makati Finance&#8217;s two other main operating units are Rx Cashline group, which involves loans especially tailored to medical professionals; and the MFC Factors group, which is responsible for running the receivables factoring business of the company.
Makati Finance&#8217;s last trading price remained at P4.03 since Friday.
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Motor Ace Philippines buys 25% stake in Makati Finance for $1.5m

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Motor Ace Philippines buys 25% stake in Makati Finance for $1.5m

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