Corporate
Union Bank infusing P1.6 billion additional capital in UnionDigital
Union Bank of the Philippines, the country's ninth largest lender by assets, said Tuesday its board approved the infusion of up to P1.6 billion additional capital into UnionDigital Bank Inc.
Steniel Manufacturing seeks to raise P315.3 million from follow-on offer
Listed company Steniel Manufacturing Corp. is looking to raise as much as P315.3 million through a follow-on offer of up to 157.6 million shares.
Six-month leak repairs allow Maynilad to recovers 198 million liters of water daily
Maynilad Water Services Inc. has plugged more than 28,000 pipe leaks in the first half of 2024, enabling the concession to recover 198 million liters of water a day for the period.
Petron lists P16.83 billion preferred shares on the Philippine Stock Exchange
Petron Corp. on Monday listed on the Philippine Stock Exchange preferred shares to raise P16.83 billion for the country’s largest oil company with operations in Malaysia.
Chelsea Logistics highlights financial recovery due to liability management exercise
Chelsea Logistics and Infrastructure Holdings Corp., a debt-saddled company of Davao-based businessman Dennis Uy, said its recent liability management exercise has brought it financial relief and better financial results that it hopes to sustain with cost management and improved operational efficiency.
