Corporate
CREC slashes IPO price to P2.70 a share
Citicore Renewable Energy Corp. has slashed the price of its initial public offering by 30 percent to only P2.70 per share from its indicative price of P3.88 apiece.
SEC approves SM Prime’s P100 billion shelf registration
The Securities and Exchange Commission (SEC) has approved the shelf registration of shopping mall operator SM Prime Holdings Inc. for up to P100 billion in fixed-rate bonds.
Phinma unit starts work on P750 million insulated panel plant in Porac
Union Insulated Panel Corp., a unit of publicly-listed Phinma Corp., on Thursday started work on a manufacturing plant in Porac, Pampanga that will produce...
Nasugbu LGU seeks declaration of RCI officers, board members and supporters as persona non grata
The local government unit of Nasugbu in Batangas has intensified its opposition to ownership claims by listed firm Roxas and Co. Inc. over large tracts of land it disputes with 50,000 local residents and agrarian reform beneficiaries.
GCash awaits favorable market conditions before IPO; eyes dual listing
GCash, the leading mobile wallet service in the Philippines developed by Mynt, is waiting for favorable market conditions and more capital market reforms before deciding to go public, GCash’s parent company, Globe Telecom Inc., said Wednesday.
