Tag: Tender Offer

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No shares tendered as Coal Asia pushes water pivot

Corporate Context.ph Context.ph -
Coal Asia Holdings Inc. reported that no minority shareholder tendered shares during its recent tender offer period, clearing the way for its planned transformation into a water utilities company without additional buyouts.

Asian Terminals plans PSE exit in April

Corporate Context.ph Context.ph -
Asian Terminals Inc. (ATI) has filed a petition with the Philippine Stock Exchange (PSE) to voluntarily delist its shares, setting April 3 as the target exit date, following a strategic investment by the country’s sovereign wealth fund.

Monte Sur moves to mop up Dominion shares

Corporate Context.ph Context.ph -
Dominion Holdings Inc. (DHI) is heading toward a possible ownership reshuffle after the company disclosed that Monte Sur Equity Holdings Inc. intends to launch a tender offer for all remaining DHI shares held by the public.

PhilWeb control sale triggers tender offer

Corporate Context.ph Context.ph -
PhilWeb Corp. is set for a change in control after its principal shareholder, Gregorio Araneta Inc. (GAINC), agreed to sell its entire 57 percent stake to two domestic holding firms, a deal that will trigger a mandatory tender offer to minority shareholders.

Kepwealth completes tender on Keppel Holdings shares

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Kepwealth Inc. said it has completed the tender offer for all the outstanding shares of Keppel Philippines Holdings Inc. as part of its plan delist the company Philippine Stock Exchange.

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BSP keeps 3% credit card interest cap, raises installment and cash advance fee limits 

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has maintained the 3.0-percent monthly ceiling on finance charges for unpaid credit card balances while raising the limits on installment add-on rates and cash advance processing fees.

SM Hotels expands events business with Conrad Manila rooftop venue

Property 0
SM Hotels and Convention Centers (SMHCC) is adding a premium rooftop events venue at Conrad Manila, broadening its offerings for private celebrations and corporate gatherings as it builds out the Mall of Asia Complex as a destination for meetings and events.

PLDT gets NYSE warning over delayed 2024, 2025 filings

Corporate 0
PLDT Inc. has until February 13, 2027, to submit its delayed 2024 and 2025 annual financial reports to avoid possible suspension and delisting proceedings on the New York Stock Exchange (NYSE), following the withdrawal of its external auditor’s opinions on the two sets of financial statements.

Metrobank chief economist tops Asian research awards, bank cites expertise

Corporate Bulletins 0
Metrobank Chief Economist Nicholas Mapa has been named the top analyst at The Asset Benchmark Research Awards, clinching the Best Individual Sellside Research title.

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