Corporate
Vista Land sets price, dividend rate for follow-on offer of Series 2 preferred shares
Vista Land & Lifescapes Inc. said Friday it has finalized the details of its follow-on offering of Series 2 preferred shares that would raise fresh funds for the listed property development arm of the Villar Group as much as P5 billion.
Century Pacific Food acquires Mindanao-based coconut processing firm
Century Pacific Food Inc., a Philippine-listed food and beverage company, on Thursday increased its exposure in the coconut industry with its acquisition of 100 percent stake in Coco Harvest Inc., a company that operates a coconut processing facility in Misamis Occidental.
Petron secures SEC approval to raises up to P17 billion from preferred shares sale
Petron Corp., the country’s largest oil company and a unit of San Miguel Corp., has secured regulatory approval for its plan to raise as much as P17 billion from the sale of Series 3D and 4D preferred shares.
ICTSI Ecuadorian unit gains another port concession
Contecon Guayaquil S.A. (CGSA), the International Container Terminal Services, Inc. 's (ICTSI) Ecuadorian unit, now handles the general cargo requirements of COSCO Shipping Specialized Carriers at the Port of Guayaquil in the next three years.
Supreme Court validates termination of energy contracts based on change of circumstance
San Miguel Corp. (SMC) on Tuesday reported securing Supreme Court affirmation allowing subsidiaries Sual Power Inc. and South Premiere Power Corp. (SPPC) to revoke their power supply agreements (PSAs) with the Manila Electric Co. (Meralco) due to change of circumstances.
