Corporate

Nickel Asia Corp. (NAC), one of the country's largest mining firms, has signed a share purchase agreement (SPA) with Japanese giant Sumitomo Metal Mining Co. Ltd. (SMM) for the sale of its entire stake in Coral Bay Nickel Corp. (CBNC).

Frederick Go, Special Assistant to the President for Investment and Economic Affairs, highlighted in Singapore the country’s economic achievements and progress that helped solidify its position as a top investment destination in Southeast Asia.

The Philippine Stock Exchange Inc. (PSE) said on Monday that it has closed an agreement with AIA Philippine Life and General Insurance Co. for the acquisition of the latter’s stake in Philippine Dealing System Holdings Corp.

DoubleDragon Corp. has officially received approval from the Securities and Exchange Commission for its 7-year peso retail bond offer that is expected to raise up to P10 billion for the listed property developer and hospitality firm.

Emperador Inc. has made a strategic move into the mezcal market with the acquisition of a 60 percent stake in Mexico’s Destileria Los Danzantes S.A. de C.V. for 80 million Mexican pesos (approximately P226 million).