Corporate

San Miguel Corp., one of the country’s largest and most diversified conglomerates, will launch a week-long public offering of up to P30 billion in preferred shares starting Monday, October 13, as part of efforts to refinance maturing obligations and fund large-scale infrastructure projects.

PhilWeb Corp., a listed gaming company, said it was notified that its principal shareholder, Gregorio Araneta Inc., has entered into a Share Purchase Agreement with Nexora Holdings Inc. and Velora Holdings Inc. to sell GAINC’s entire 57 percent stake—comprising 829.57 million common shares—for P2.17 per share, or a total P1.8 billion.

PLDT Global Corp. has deepened its partnership with stc Pay Bahrain to enhance digital services for overseas Filipino workers (OFWs) in the Kingdom of Bahrain.

ACEN Corp. has invested P1.9 billion in its affiliate, Natures Renewable Development Corp. (NAREDCO), through the subscription of 419,690 redeemable preferred shares priced at P4,527.16 each.

Universal Robina Corp. (URC), one of the country’s largest companies, has once again been recognized as one of Asia’s Best Companies to Work For by HR Asia, marking its third consecutive year on the list.