Corporate
Megaworld raises P500 million from sale of MREIT shares
MREIT Inc. said Friday its sponsor, Megaworld Corp., the property development venture of tycoon Andrew Tan, raised P500 million from the sale of shares equivalent to a 1.5 percent stake of the listed real estate investment trust.
Axelum renews multi-year coconut water supply deal with Vita Coco
Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of premium coconut products, said Thursday it signed a multi-year deal with The Vita Coco Company, Inc., one of the world’s largest coconut water brands.
Balai signed deal to acquire bakery brand Sugarhouse
Balai ni Fruitas Inc., a listed counter service bakery operator, said Thursday it signed a memorandum of agreement to acquire Sugarhouse, a 40-year-old bakery legacy brand.
Chinabank declares record cash dividends of P5.9 billion, up 16%
China Banking Corporation (Chinabank on Thursday announced that its board of directors declared a P1.20 per share regular cash dividend and an additional P1.00 per share special cash dividend, payable on 16 May 2024 to all stockholders on record as of 3 May 2024.
SEC makes permanent CDO vs MFT Group
The Securities and Exchange Commission has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies Inc. and Foundry Ventures I Inc.
