Corporate
Megawide eyes P5 billion from planned bond offer
Megawide Construction Corp. said Monday its board has approved a bond offer that could raise as much as P5 billion for the listed construction firm.
Leasing, residential growth, one-off item boost DM Wenceslao earnings
Robust leasing, stable residential growth and one-time gain bolstered net income of D.M. Wenceslao and Associates Inc. three times to P7.3 billion last year from P2.1 billion in the previous year.
Tuna processor Alliance Select narrows loss to $2.6 million as revenue rise
Alliance Select Foods International Inc., a publicly-listed tuna processing company, reported on Monday a net loss of USD2.6 million last year, narrower than the USD3.5...
SEC catches Abra Mining fraudulent trading unregistered shares
The Securities and Exchange Commission (SEC) has caught Abra Mining and Industrial Corp. allegedly trading unissued and unlisted shares from 2015 to 2019 and slapped it a fine of some P560 million.
Cebu Landmasters raises extra funds from preferred shares; looks at Luzon as growth market
Cebu Landmasters Inc., a leading property developer in the Visayas and Mindanao, raised over P4.28 billion in its follow-on offering of preferred shares, exceeding its fundraising target on strong investor demand.
