Corporate
GT Capital to redeem P4.8B perpetual preferred shares
GT Capital Holdings Inc. said Tuesday it secured board approval to redeem its series A perpetual preferred shares on 27 October at the shares’ issue price of P1,000, which means the company will have to shell out P4.80 billion for the redemption exercise.
Agrinurture completes acquisition of Australian firm
Agrinurture Inc., the agro-commercial business arm of businessman Antonio Tiu, on Monday completed the acquisition of Australian firm Freshness First Pty Ltd.
PAGCOR begins transition to regulation-only status
The Philippine Amusement and Gaming Corp. is transitioning to a purely regulatory body from its current role as both regulator and operator of the gaming business, PAGCOR chairman and chief executive officer Alejandro H. Tengco, said.
Meralco keen on investing in electric cooperatives
The Manila Electric Co. is keen on investing in particular electric cooperatives (EC) to help boost the level of service in key areas of the country.
Record enrollment drives FEU earnings 24% higher
Far Eastern University reported Thursday it recorded a net profit of P1.89 billion in its fiscal year-ended May 31, a 24 percent increase from the previous year, helped by an increase in enrollment and gains from investments.
