Corporate
SEC green lights P5 billion Vista Land preferred share sale
Affordable housing developer Vista Land and Lifescapes, Inc. projects raising P5 billion from the sale of preferred shares that the Securities and Exchange Commission recently approved.
Property acquisition helps push CREIT six-month income rise 12%
Citicore Energy REIT Corp., the country’s largest renewable energy real estate investment trust, on Monday reported an 11 percent increase in net income in the first six months of the year to P693.41 million from only P621.03 million a year ago.
P17-B Petron preferred share sale secures SEC approval
Petron Corp., the largest oil company in the country., said Monday it secured regulatory approval to sell preferred shares that would raise as much as P17 billion to redeem maturing preferred shares, refinance existing debt and fund other expenses, including buying oil inventory.
Manila Water subsidiary bares 25-year bulk water contract in Laguna
Manila Water Co. Inc. subsidiary Manila Water Philippine Ventures (MWPV) on Monday bared a 25-year contract to supply the Canlubang Sugar Estate (CSE) with bulk water seen boosting water access in more towns in Laguna and not just its industrial zones.
Vitarich earnings gets boost from improved operations, cost management
Vitarich Corp., a listed poultry integrator and manufacturer of animal feeds and food products, said its first-half net income surged to P167.0 million, bolstered by improved operations and strict cost management.
