Corporate

ATPI Philippines is investing in new AI and data-driven technologies and expanding its end-to-end crew-change services to strengthen its position in global marine travel and logistics.

Top Line Business Development Corp. (TOP) is gearing up for a major capital push after shareholders approved the reclassification of 800 million unissued common shares into preferred shares and authorized the board to undertake fundraising initiatives ranging from private placements to follow-on offerings and debt issuances. The approval was granted by stockholders during their special meeting held Tuesday, Decemmber 2.

Alliance Global Group Inc. (AGI), the listed investment holding firm of tycoon Andrew Tan, said that affiliate California Orchard Growers Investment Inc. has sold its entire block of 120 million AGI shares to The Andersons Group Inc., the company’s principal shareholder.

Cebu Air Inc., the Gokongwei Group’s listed airline operator behind the Cebu Pacific brand, has named long-time executive Pamela Rae Chua as its new treasurer effective December 1. She succeeds Elynore Villanueva, who has retired from the post.

SM Investments Corp., the parent firm of the SM Group, has received a Silver Rank from the Asia Sustainability Reporting Rating (ASRRAT) for its 2024 Sustainability Report. This is the company’s fourth recognition for strong sustainability disclosure.