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Solid Group Drops After Saying It Has No Venture With Yahgee

Oct. 21 (Bloomberg) -- Solid Group Inc. fell in Manila trading after the company said it has no joint venture with China’s Yahgee Modular House Ltd., clarifying a Philippine Star report.

The stock declined 2.6 percent to 1.13 pesos as of 11:26 a.m. local time, set for the lowest close since Oct. 12.

Link to Company News:{SGI PM <Equity> CN <GO>} Link to Company News:{002314 CH <Equity> CN <GO>}

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

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