Corporate

The Philippine Stock Exchange said Thursday it has approved the request of Ayala Corp. for an indefinite, voluntary trading suspension of its preferred “B” Series 2 shares from 14 November.

In 1999, when Go Negosyo exponent Joey Concepcion was in his 40s, the family’s RFM Corporation formed a sweet joint venture with multinational Unilever, officially launching Unilever RFM Ice Cream Inc.

PXP Energy Corp., the publicly listed upstream oil and gas subsidiary of Philex Mining Corp., reported a reduced core net loss of P16.7 million in the first nine months, down from P22.9 million during the same period last year.

Megawide Construction Corp. on Wednesday announced that it will exchange its more 33 percent share in Aboitiz GMR Megawide Cebu Airport Corporation (AGMCAC) for P7.76 billion in a deal with Aboitiz InfraCapital Inc. (AIC).

The ATR Asset Management Group (ATRAM) is making significant moves in the financial sector, confirming its acquisition of First Metro Asset Management Corp. (FAMI) from the Ty family and entering into discussion with Union Bank of the Philippines for its trust business.