Corporate
Analysts: GCash IPO mid-price not a warning sign; valuation attractive
Setting the initial public offering price of Mynt Inc., the operator of GCash, at P6.60 per share—near the lower end of its indicative range—does not signal trouble, according to market watchers. The figure lands close to the mid-point of the original P10-per-share indicative price band.
Aboitiz InfraCapital, Panglao seek closer ties to boost tourism experience
Aboitiz InfraCapital Inc. (AIC) and the Municipality of Panglao are exploring closer coordination to improve the visitor experience in one of Bohol’s busiest tourism destinations, building on upgrades at Bohol-Panglao International Airport (BPIA).
GCash parent Mynt sets IPO price at P6.60/share; could raise up to P60.9B
Mynt Inc., the parent firm of leading digital wallet GCash, has fixed its final offer price for the initial public offering (IPO) at P6.60 per common share.
PLDT secures full ownership of Radius Telecoms
PLDT Inc. on Friday announced completing the purchase of the remaining 65.1 percent stake in Radius Telecoms Inc. and taking full control of the connectivity provider. With the deal finalized, PLDT now holds 100 percent of all issued and outstanding shares of Radius.
San Miguel unit plans Meralco stake sale to MPIC
San Miguel Corp. said its power generation arm plans to sell 21.4 million shares in Manila Electric Co. to Metro Pacific Investment Corp., potentially reshaping the ownership mix of the country’s largest power distributor.
