Corporate
SM Prime reclassifying 100M shares for funding option
SM Prime Holdings Inc. is paving the way for a fresh funding channel after its board of directors approved the reclassification of 100 million unissued common shares into 100 million preferred shares, a move designed to broaden its capital-raising flexibility and attract a wider investor base.
DigiPlus clears key hurdle in IEC stake deal
DigiPlus Interactive Corp. has moved closer to sealing its P12 billion investment in Hong Kong-listed International Entertainment Corp. after IEC shareholders approved the subscription agreement and related whitewash waiver in a special meeting on February 26.
Discovery World injects capital to units, sells shares
Discovery World Corp. is shoring up its war chest as it approved fresh capital infusions into two wholly-owned subsidiaries, and a 66 million share issuance to bolster working capital and support resort expansion.
Robinsons Retail, RLC unit to launch big-box Shopwise in Rizal
Robinsons Retail Holdings Inc. is expanding its footprint with a major new supermarket project in Rizal, teaming up with Robinsons Logistix and Industrials Inc., the logistics and industrial arm of Robinsons Land Inc., to develop a large-format Shopwise store in Cainta.
Elaine Katindoy named education committee head of PLIA
Pru Life UK announced that Elaine Katindoy, vice president for PRUAcademy, has been appointed as the education committee head of the Philippine Life Insurance Association (PLIA). The role highlights her dedication to advancing financial literacy and professional development in the life insurance sector.
