Corporate

Cebu Landmasters Inc., a leading property developer in the Visayas and Mindanao, raised over P4.28 billion in its follow-on offering of preferred shares, exceeding its fundraising target on strong investor demand.

Dizon Copper-Silver Mines, Inc. said Friday its board approved a proposed rehabilitation plan for its Bayarong tailings dam, whose ultimate goal is to the extract residual gold and other minerals from the mine waste.

Ayala Corp., a diversified investment holding company, said Friday it will redeem next month P4 billion worth of three-year bonds.

Monde Nissin Corp., makers of Lucky Me! Noodles and the popular Skyflakes crackers, still reported a loss after tax of P625 million in 2023, sharply lower than prior year’s loss of P13.01 billion attributed to the non-cash, non-operating impairment of assets in its vegetable meat business. 

Balai ni Fruitas Inc., a listed counter service bakery operator, said Thursday net profit last year surged 58 percent to P59 million, reflecting higher revenue higher same store sales on account of increased foot traffic in shopping malls, opening of more stores, and the introduction of new products.