Corporate
DITO raises P3.3B via shares sale; Udenna unloads 500M DITO shares
DITO CME Holdings Inc. said Monday it raised P3.3 billion from the private placement new shares with Summit Telco Holdings Corp., a Philippine-registered company wholly-owned by Singapore-headquartered Summit Telco Corp Pte Ltd, an existing shareholder of the listed telecommunications venture of Davao-based businessman Dennis Uy.ok
SEC bares recalcitrant corporations list for the nth time
The Securities and Exchange Commission has released a list of 22,403 corporation that to this day obstinately refuse to submit a simple piece of paper regulators call the general information sheet or GIS.
PSE to formally start short selling on Nov 6
The launch of the short selling program at the local bourse has been deferred for two weeks to give market participants more time to prepare and comply with securities borrowing and lending and short selling requirements.
Maynilad pursues P1.14B upgrade of Muntinlupa water treatment plants
Maynilad Water Services Inc. (Maynilad) is spending P1.14 billion to upgrade the processes at its Putatan water treatment plants (PWTP) 1 and 2 in Muntinlupa in response to the worsening quality of raw water from Laguna Lake.
SEC green lights SMC share, Vista Land bond sale
The Securities and Exchange Commission (SEC) has approved the P65 billion preferred share offering of San Miguel Corp. which will pay off short-term peso loans, earlier issued bonds as well as investment in airport and airport-related projects.
