Corporate
SMIC raises USD500 million through offshore bond issuance
SM Investments Corp. , the listed investment holding company of the Sy Group, said Thursday it raised USD500 million through the issuance of Euro medium-term notes that was priced at 5.466 percent, lower than initially expected due to strong demand mostly from Asian investors.
Solaire North gaming tables outdone for now by high foot traffic at its F&B
Solaire Resort North, not quite two months since its opening, on Wednesday reported high foot traffic at its restaurants consisting of outlets offering buffets, fine dining and even a food court.
74-year old Sobrepeña-led company in danger of delisting
The Philippine Stock Exchange on Wednesday warned Metro Global Holdings Corp. of delisting as soon as next month for its failure to meet the minimum public float of 10 percent.
Cebu Air OKs restructuring plan to wipe out retained earnings deficit
Cebu Air Inc., owner of the Gokongwei Group’s budget carrier Cebu Pacific, said Wednesday its board approved a restructuring plan that would wipe out P16.27 billion in retained earnings deficit due to recent losses.
Megaworld fully disbursed P3.6 billion from MREIT shares sale to several projects
Megaworld Corp., the property development arm of billionaire Andrew Tan, said Tuesday it has fully disbursed the P3.6 billion it raised from the sale of 279.4 million common shares of its listed real estate investment trust, MREIT Inc.
