BRIEF-S.F. Holding's unit plans to set up JV with UPS Parcel Delivery
* Says unit SF Holding Limited signs joint venture agreement and funding agreement with UPS Parcel Delivery Service Limited (UPS), Global Connect Holding Limited
MEXICO CITY May 14 The family that founded Homex, Mexico's second-biggest homebuilder, has cut its stake in the company by more than a third in a month, according to a regulatory filing on Tuesday.
The de Nicolas family's Homex stake was trimmed to 19.23 percent on Tuesday from about 33 percent on April 14, filings with the U.S. Securities and Exchange Commission show.
A trust for five members of the family, including Chief Executive Gerardo de Nicolas and Chairman Eustaquio de Nicolas, sold 1.7 million U.S. listed shares, equivalent to 11.2 million Mexican-listed shares or 3.35 percent of its total stock outstanding, over seven days this month.
The family sold the shares to meet margin calls "related to loans disposed initially during October 2007 and 2008," according to the latest filing.
A spokeswoman for the company did not immediately respond to a request for comment.
The family also sold shares earlier this month and last month, filings show.
May 25 United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States.
May 26 Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. The yellow metal was poised to dip 0.1 percent for the week. * U.S. gold futures slipped 0.2 percent to $1,254.2 an ounce. * The