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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GMA Network principal shareholders approve merger

Corporate 0
GMA Network Inc.’s principal shareholders, Television International Corporation (TIC) and M.A. Jimenez Enterprises Inc. (MAJEI), have approved a merger that will consolidate the two entities into a single corporation, with TIC as the surviving company.

Vingroup eyes Batangas for $500M EV plant, export hub

Mobility 0
Vietnamese conglomerate Vingroup is considering Batangas for its planned USD500-million electric vehicle (EV) manufacturing complex, with the facility expected to serve export markets as well as domestic demand, according to a source familiar with the investment discussions.

SM Hotels expands Halloween offerings across 9 properties

Travel & Tourism 0
SM Hotels and Conventions Corp. (SMHCC) is rolling out Halloween-themed dining and entertainment activities across nine hotel properties nationwide from Oct. 24 to 31, seeking to draw families and leisure guests beyond the traditional market for overnight stays.

DTI secures price freeze on 204 basic goods until yearend

Economy 0
The Department of Trade and Industry (DTI) has secured commitments from manufacturers to keep prices of 204 basic necessities and prime commodities unchanged through Dec. 31, 2026, as elevated fuel costs continue to threaten household budgets.

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