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MANILA Water Co., Inc. (MWC) incoming investor Razon-led Prime Metroline Holdings, Inc. is doing a mandatory tender offer of the water company’s shares as part of its acquisition.
IN A briefing in Makati City yesterday, the real estate consultancy services firm Colliers International Philippines said travel restrictions on China due to the novel coronavirus may lead to a shrinking of the Philippine Offshore Gaming Operators (POGOs) sector and a resultant increase in vacancy rates, especially in the Bay Area.
THE education unit of Phinma Corp. is expanding its global footprint with a plan to acquire more schools in the country and enter new territories abroad.
THE Philippine Stock Exchange, Inc. (PSE) is seeking an amendment of rules for companies that will be involuntarily delisted from the local bourse, where a tender offer may be required to protect investors.
8990 Holdings, Inc. is expecting to record revenues of about P20 billion for 2020, driven by the partial opening of its Urban Deca Homes Ortigas project by year’s end.
FRUITAS Holdings, Inc. is acquiring a soybean product company and the store assets of a Filipino food stall firm as part of expanding its business, it told the stock exchange on Monday.
BOUTIQUE property developer TransPhil Real Estate (TransPhil) is bullish in the potential of townhouse projects in Metro Manila with a target of raising P600-800 million from eight new properties within the year.
GLOBAL Ferronickel Holdings, Inc. believes its business deals with China would not be affected by the coronavirus outbreak as its shipments of nickel ore have not begun.
THE Securities and Exchange Commission (SEC) has issued warnings to the public against investing in BitThroughCash/Bit2Cash Trading, Inc. and agriculture groups AVP88 Coturnix Egg Farm and AVP88 Trading, Inc.
CEMEX Holdings Philippines, Inc. (Cemex) has completed its stock rights offering (SRO) last week and raised P12.77 billion from selling 8.29 billion common shares.
THREE of the four companies that went public and raised almost P20 billion last year did so in the last quarter, suggesting that the local capital market is maturing, according to the corporate regulator.