Masisa S.A. - Report of Foreign Issuer (6-K)
January 31 2008 - 2:51PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the
month of January 2008
Masisa
S.A.
(Exact
name of registrant as specified in its charter)
Masisa
S.A.
(Translation
of Registrant's name into English)
Av.
Apoquindo 3650, Piso 10, Las Condes
Santiago,
Chile
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover
Form
20-F
or Form 40-F.
Form
20-F
X
Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ____
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under Securities Exchange Act of
1934.
Yes
No
X
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
Item
1. Important Event issued by Masisa S.A. on January 31,
2008:
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For
further information, please contact:
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Investor
Relations
(56
2) 350
6038
investor.relations@masisa.com
Internet:
www.masisa.com
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MASISA
S.A.
Publicly-Traded
Corporation
Registered
under Nº825 in the Securities Registry
SIGNIFICANT
EVENT
Santiago,
January 31, 2008
Mr.
Superintendent
Superintendency
of Securities and Insurance
Dear
Sir,
Pursuant
to what is established in Article 9 and the second sub-paragraph of Article
10
of Law No. 18.045 and in General Regulation No. 30 of the Superintendence of
Securities and Insurance (hereinafter SVS), and duly empowered to such effect
by
the Board of Masisa S.A. (hereinafter referred to as “Masisa”) in a board
meeting held on January 30, 2008, I hereby inform you of the following
significant
event
concerning Masisa and its business:
1.
Oxinova C.A. (hereinafter “Oxinova”) is a Venezuelan company whose single
shareholders are the Chilean affiliate of Masisa, Inversiones Internacionales
Terranova S.A., which owns 49% of the shareholding capital of Oxinova, and
the
Chilean Company Oxiquim Inversiones Internacionales Limitada, belonging to
the
Chilean Group Sintex-Oxiquim (“Oxiquim”), which owns 51% of the shareholding
capital of Oxinova.
Oxinova
consists in a plant to produce resins, located in Puerto Ordaz, Venezuela,
mainly allocated on supplying this raw material to the MDF and PB board plants
that Masisa owns in the same area through its indirect Venezuelan affiliate
Fibranova C.A. (hereinafter “Fibranova”).
2.
Dated
today Fibranova has subscribed with Oxiquim an agreement through which the
first
purchases from the later its shareholding participation in Oxinova amounting
to
51%, at the price of US$ 11,000,000.
By
means
of the above operation, Masisa, through its referred to affiliates goes on
to
hold 100% of Oxinova, which allows strengthening its competitive position by
means of assuring control of a strategic factor of production in an integrated
manner.
Oxiquim
will still hold an operations contract with the Oxinova resins
plant.
The
take
over of the Oxinova Management by Fibranova will take place on May 5,
2008.
Forecasts
and Estimates
This
significant event may contain forecasts, which are different statements from
historical facts or current conditions, and include the management’s current
vision and estimates of future circumstances, industry conditions and the
Company’s performance. Some forecasts may be identified by the use of terms such
as “may,” “should,” “anticipates,” “believes,” “estimates,” “expects,” “plans,”
“intends,” “forecasts” and other similar expressions. Statements about future
market share, projected future competitive strengths, the implementation of
significant operating and financial strategies, the direction of future
operations, and the factors or trends affecting financial conditions, liquidity,
or operating income are examples of forecasts. Such statements reflect the
current management vision and are subject to various risks and uncertainties.
There is no guarantee that the expected events, trends or results will actually
occur. These statements are made based on many assumptions and factors,
including general economic and market conditions, industry conditions and
operating factors. Any changes in such assumptions or factors could lead to
the
current results of Masisa, and the projected Company activities, to materially
differ from current expectations.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date:
January 31, 2008
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Masisa S.A.
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By:
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/s/ Enrique
Cibié
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Enrique
Cibié
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CEO
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