Liberty Flour Mills, Inc. agreed to Spin-Off unknown stake in LFM Properties Corporation (PSE:LPC) for PHP 1.03 billion on May 29, 2024. At a regular meeting of the Board of Directors held on May 29, 2024 the Board passed and adopted a resolution approving a property dividend with an entitlement ratio of ninety-seven shares of LFM Properties Corporation for every one share of the Liberty Flour Mills. The Board set a record date of June 18, 2024.