Corporate
Phinma Corp. launches P1B stock rights offering
Phinma Corp. has announced plans to conduct a stock rights offering (SRO) of up to P1 billion by mid-November, following the receipt of necessary regulatory approvals.
McDonald’s Quarter Pounder linked to E. coli outbreak in US
Shares of McDonald's Corp. fell on Wednesday at the New York Stock Exchange following reports of an E. coli outbreak linked to its popular Quarter Pounder burgers.
Shang Properties buys SMC’s Rapidshare Realty and Dev’t Corp. for P2.5B
Shang Properties Inc, the listed property development arm of the Kuok Group, said Thursday it acquired Rapidshare Realty and Development Corp., a wholly-owned subsidiary of San Miguel Properties Inc., for P2.5 billion.
GMA Network boosts film production with equity conversion
GMA Network Inc., the Philippines' largest broadcast network, said Thursday its board of directors approved the conversion of P18.75 million in advances into equity for its wholly-owned subsidiary, GMA Network Films, Inc.
DoubleDragon to launch Otso Buenas retail bonds
DoubleDragon Corp., a listed property developer, said Thursday it set to launch in November its Otso Buenas retail bonds, with an initial tranche of P5 billion and an oversubscription option of P5 billion.
