Corporate
A. Brown’s P1.5 billion preferred share sale secures SEC green light
A Brown Co. Inc. on Wednesday secured the green light from the Securities and Exchange Commission for the sale of 15 million preferred shares.
Margin improvement boosts RFM 2023 net income by 14% to P1.2 billion
RFM Corp., the listed food company of the Concepcion Group, on Wednesday said its preliminary net income in 2023 rose 14 percent to P1.2 billion as margins recovered due to improved cost of raw materials such as wheat and milk.
Filinvest Development readies offer of 2.5Y bonds to raise P10 billion
Filinvest Development Corp., the diversified investment holding company of the Gotianun Group, said Wednesday it has secured regulatory approval for the issuance of peso-denominated, fixed-rate bonds that would initially raise as much as P10 billion to support the company’s various spending and investment requirements.
Century Pacific investing more in renewable energy
Tuna canner Century Pacific Food Inc. on Tuesday bared investing more in the renewable energy space with the expansion of its solar photovoltaic facilities and the commissioning of new biomass boilers in General Santos City.
Balai ni Fruitas raises budget for commissary construction to P110 million
Balai ni Fruitas Inc. said Monday its board approved the re-allocation of part of the proceeds from its initial public offering to avoid incurring additional loans to build its commissary.
