Home Tags Shares

Tag: shares

AC Energy moves to buy 50% stake in UPC Renewables Australia

AC Energy Holdings, Inc. is investing $230 million to acquire a 50% stake in the Australian business of UPC Renewables and provide funding for...

Megaworld posts 11% profit growth in first quarter

Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months...

PLDT completes partial sale of Rocket Internet shares

PLDT Inc said it has completed its partial sale of its Rocket Internet SE shares. PLDT said in a statement that Rocket Internet AG has...

BPI lists new shares worth P53.67 billion

Bank of the Philippine Islands (BPI) has listed 599.7 million new common shares at the local bourse following the completion of a P50-billion stock...

BPI raises P50 billion from stock rights offer

Bank of the Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a...

ISM Communications to sell treasury shares worth P560 million

ISM Communications Corp. is selling treasury shares to finance possible investments. In a disclosure to the stock exchange on Wednesday, May 2, ISM said its...

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares...

Puregold divests from Lawson brand

Puregold Price Club, Inc. has divested from the Lawson chain of convenience stores, after accepting its Japanese partner’s offer to buyout its 70% stake...

Bounty Fresh makes $309-million bid for NZ’s Tegel

MANILA/SYDNEY — Poultry company Bounty Fresh Food Inc has mounted a NZ$437.8 million ($309.4 million) cash offer for New Zealand's Tegel Group Holdings Ltd,...

Netflix selling $1.5 billion of junk bonds to finance more shows

Netflix Inc. is tapping junk-bond buyers again to help it fund its next wave of shows. The world’s largest online television network is selling $1.5...

SEC approves DoubleDragon’s P7.5-billion share offer

DoubleDragon Properties Corp. has received approval from the Securities and Exchange Commission (SEC) for its primary offer of up to 135 million common shares...

Netflix surges as users stay loyal despite higher prices

Netflix Inc. used to worry it would alienate customers by raising prices for its streaming service. Not any more. The company posted its strongest subscriber...

San Miguel formalizes consolidation of food and beverage business

San Miguel Corp has formalized its consolidation of its food businesses under San Miguel Food and Beverage Inc. The conglomerate announced the signing of the...

Megaworld to raise $200 million in perpetual notes

Megaworld Corp. will be raising $200 million through the issuance of perpetual senior notes in the offshore bond market to refinance existing debt. In a...

Spotify soars in $26 billion stock debut

New York — Spotify soared Tuesday (US time) to a value of more than $26 billion in its long-awaited stock debut as the market...

Alliance Select gets SEC green light on equity restructuring

Alliance Select Foods International, Inc. (FOOD) secured the green light from the Securities and Exchange Commission to undergo an equity restructuring that would wipe...

Prime Orion to venture into industrial parks via share swap deal

Ayala Land, Inc. will swap P3 billion worth of shares in Laguna Technopark, Inc. (LTI) with Prime Orion Philippines, Inc. (POPI), allowing the latter...

Chelsea Logistics plans to convert common shares into preferred shares to...

Chelsea Logistics Holdings Corp. (CLC) plans to convert some of its common shares into preferred shares in order to support its capital spending for...

LBC acquires two logistics firms

LBC Express Holdings, Inc. (LBC) is propping up its logistics business with the acquisition of two firms on Tuesday, March 20, valued at a...

SMC plans to lower dollar-denominated debt as peso weakens

By Krista Angela M. Montealegre, Senior Reporter San Miguel Corp. (SMC) plans to further trim down its dollar-denominated debt, as the peso weakens and interest rates...

BPI secures PSE approval to conduct stock rights offering in April

Bank of the Philippine Islands (BPI) said it obtained the approval of the Philippine Stock Exchange (PSE) to conduct a stock rights offering (SRO)...

Manila Water completes acquisition of stake in Thai water firm

Manila Water Co., Inc. has closed the acquisition of a significant stake in a publicly listed company in Thailand, adding the earnings contribution of...

Metrobank sets final terms for stock rights offer

Metropolitan Bank and Trust Co. (Metrobank) has set the final terms of its stock rights offering (SRO) seen to raise P60 billion to fund...

Chinabank readies P50-billion LTNCD issuance

China Banking Corp. (Chinabank) is set to conduct fund-raising activities to expand its business operation. In a disclosure to the local bourse on Thursday, the...

Discovery World hikes stake in Boracay firm

Discovery World Corp. (DWC) has hiked its stake in one of its subsidiaries, as the company targets to expand its resorts business. In a disclosure...

PCC approves Chinese firm’s acquisition of Takata Corp

The Philippine Competition Commission (PCC) has approved the acquisition of Chinese firm Ningbo Joyson Electronics Corp. (Joyson Electronics) of Takata Corp., a Japanese firm...

Ayala subsidiary buys controlling stake in solar firm

A subsidiary of Ayala Corp. acquired a majority interest in a manufacturer of innovative solar solutions that will allow the conglomerate to bolster its...

Golden Haven formalizes entry into mass housing

Golden Haven, Inc. (HVN) is formalizing its entry into the mass housing sector after issuing P3.01 billion worth of shares out of its unissued...

UnionBank raises P3 billion via LTNCD

UnionBank of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD) to improve its deposit maturity profile and help expand...

AgriNurture to conduct stock rights offering

AgriNurture, Inc. will be conducting a P283.76 million stock rights offering (SRO) in a bid to raise capital for the expansion of its agricultural...

PBB to raise up to P10 billion from LTNCD issuance

Philippine Business Bank (PBB) is set to conduct capital raising activities to capitalize on attractive lending opportunities. In a disclosure to the Philippine Stock Exchange...

Jollibee boosts stake in Smashburger to 85%

Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million. In...

Ayala tightens hold on Tutuban Center owner

By Krista A. M. Montealegre, National Correspondent PROPERTY GIANT Ayala Land, Inc. (ALI) tightened its grip on the owner and developer of Tutuban Center in Divisoria...

PSE drafts guidelines for short selling transactions

THE Philippine Stock Exchange (PSE) is seeking public comments on its draft rules for short selling transactions, a mechanism that is already allowed under...

More holding firms turn in positive results

FIVE MORE conglomerates reported favorable results on Friday, firming a generally positive picture of listed holding companies in the third quarter and the nine...

PSE approves Cirtek, 8990 share offerings

THE Philippine Stock Exchange (PSE) has given Cirtek Holdings Philippines Corp. and 8990 Holdings, Inc. the final approval to issue their respective preferred shares...

SMC consolidates beverage businesses under Pure Foods

By Arra B. Francia, Reporter SAN MIGUEL CORP. (SMC) is consolidating its beverage businesses under San Miguel Pure Foods Company, Inc. (SMPFC) through a P336.35-billion...

After delisting, Calata says PSE should review rules

By Arra B. Francia, Reporter CALATA CORP. said the Philippine Stock Exchange (PSE) should revisit its rules, saying its involuntary delisting should be a precedent...

Metrobank set to buy out ANZ’s stake in credit card joint...

METROPOLITAN Bank & Trust Co. (Metrobank) is set to buy out a minority shareholder in a credit card joint venture for P14.8 billion, which...

PSE moving to woo China investors

THE PHILIPPINE STOCK EXCHANGE (PSE) is wooing the Shenzhen Stock Exchange to secure a minority interest in the local bourse -- a move that...

A combination of benefits

Investing in mutual fund has long been recognized as one of the best ways to make one’s money grow. Indeed, according to the Philippine...

Fried chicken king Jollibee chases McDonald’s with US, China hunt

MANILA/SINGAPORE — Jollibee Foods Corp., the fast food chain that controls more than half of the Philippines’ $4-billion market with its signature fried chicken,...

Corporate regulator OK’s Philippine Airlines’ equity restructuring

THE Securities and Exchange Commission (SEC) has approved the application of Philippine Airlines, Inc. (PAL) to decrease its authorized capital stock, alongside the increase...

PSE acquires Philam’s 4% stake in PDS for P80 million

THE Philippine Stock Exchange, Inc. (PSE) has once again raised its stake in the Philippine Dealings System Holdings Corp. (PDSHC), after acquiring The Philippine...

SEC approves 8990’s preferred share offer

THE Securities and Exchange Commission (SEC) approved on Friday the fund-raising activities of mass housing developer 8990 Holdings, Inc. and Alcantara-led holding firm Alsons Consolidated...