Corporate

GAC MOTOR Philippines, under the leadership of Astara Philippines, hosted a successful 2025 Dealer Conference, showcasing the brand’s milestones and plans for continued growth in the local automotive market.

Petron Corp., the oil company of San Miguel Corp., said Wednesday it bought back 459.2 million shares, the initial salvo of P1.52 billion share buyback program announced two weeks ago.

Vitarich Corp., a publicly listed company, has entered into a strategic partnership with French genetics firm Novogen to provide local farmers with low-cost, high-yield chickens.

ACEN Corp., a listed renewable energy (RE) developer, has entered into a subscription agreement with subsidiary firm Buendia Christiana Holdings Corp. (BCHC), committing P660 million in investments. This involves the purchase of 660,000 common shares and 5,940,000 redeemable preferred shares (RPS) from BCHC, a special purpose vehicle created to manage land acquisition for ACEN’s growing portfolio of power projects.

Cebu-based Top Line Business Development Corp. has revised its offer price for its upcoming initial public offering (IPO), cutting it by 18 percent to P0.31 per share. This adjustment is meant to raise up to P729.74 million, a strategic move driven by current market conditions.