Corporate
Roxas Holdings sought voluntary suspension on Leandro Leviste’s acquisition plan
Roxas Holdings Inc. on Monday sought the approval of the Philippine Stock Exchange to suspend trading on its shares following comments from businessman Leandro Leviste on an agreement to acquire around 71 percent of the listed company.
Gaisano’s Metro Retail 1Q net income weighed down by narrower margins
Metro Retail Stores Group Inc., the listed retail business of the Gaisano Group, said Monday first-quarter net income dropped 16 percent year-on-year to P50.3 million due mainly to narrower margins brought by lower share to business of general merchandize.
Figaro positions Angel’s Pizza as major player in PH
Figaro Coffee Group Inc. projects making Angels Pizza among the country’s major pizza makers in five years as it commits to put in more capital into the chain.
Leviste, MVP commit to acquire Roxas Holdings
The Leandro Antonio L. Levite-led Countryside Investments Holdings Corp. has signed a term sheet pact with Manuel V. Pangilinan to invest an initial P5 billion for 71.6 percent in publicly-listed firm Roxas Holdings Inc.
Foreign exchange adjustments halved San Miguel 1Q net income
San Miguel Corp., a listed diversified conglomerate, reported a 50 percent drop in first-quarter net profit to P8.89 billion due to foreign exchange adjustment.
