Corporate
Xurpas cashes out, sharpens focus
Xurpas Inc. is paring back its regional footprint, approving the sale of its 49 percent equity stake in PT Sembilan Digital Investama (PT SDI)—an investment it has held since 2015—as it looks to free up cash and refocus resources.
Manila Water locks in P27B loan for Wawa acquisition
Manila Water Co. Inc., the east zone water concessionaire controlled by tycoon Enrique Razon, has secured a 15-year, P27-billion loan from BDO Unibank Inc. to fund its acquisition of WawaJVCo. Inc., strengthening its grip on a critical water source for Metro Manila.
Monte Sur moves to mop up Dominion shares
Dominion Holdings Inc. (DHI) is heading toward a possible ownership reshuffle after the company disclosed that Monte Sur Equity Holdings Inc. intends to launch a tender offer for all remaining DHI shares held by the public.
SEC sets strict term limits for independent directors
The Securities and Exchange Commission (SEC) will enforce stricter term limits for independent directors starting February 1.
PLDT to invest more in Kayana Solutions
PLDT Inc. said Tuesday it will buy more shares in Kayana Solutions Inc. as part of its push to create new growth opportunities within the MVP Group.
