MCT Notice of Take-over Offer Dispatch

In compliance with statutory requirements in Malaysia, the board of directors of MCT Bhd has dispatched today the Notification to the Shareholders of MCT of the Mandatory Take-over Offer from Regent Wise Investments Ltd (RWIL), a wholly-owned subsidiary of Ayala Land Inc. (PSE: ALI). The take-over offer is made in connection to the acquisition of […]
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Ayala Proposes Merger of AC Education with iPeople

iPeople Inc. (PSE: IPO), the listed holding company for the education sector of House of Investments Inc. (PSE: HI), a member of the Yuchengco Group of Companies, and AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), have executed a Non-Binding term sheet for their potential merger. Under the Non-Binding term […]
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UnionBank to Acquire PR Savings Bank

City Savings Bank Inc. (CitySavings), the thrift banking arm of Union Bank of the Philippines (UnionBank, PSE: UBP), has signed a Share Purchase Agreement (SPA) with the ROPALI group to acquire 100% of the common shares of Philippine Resources Savings Bank (PR Savings). “This acquisition will expand our mass market reach, consistent with our vision […]
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Ayala Land Now has Controlling Stake at MCT

Ayala Land Inc. (PSE: ALI), through its wholly-owned subsidiary Regent Wise Investments Ltd (RWIL), signed a share purchase agreement to acquire an additional 17.24% share in MCT Bhd, subject to completion of certain conditions. This will bring ALI’s shareholding in MCT to 50.19% from 32.95%. This increase in ownership will strengthen ALI’s commitment to enhance […]
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Golden Haven Acquires Bria Homes

On 27 December 2017, the Board of Directors of Golden Haven Inc. (PSE: HVN) approved the purchase by the corporation of all the issued and outstanding common shares of Bria Homes Inc. legally and/or beneficially owned by Cambridge Group Inc., at the purchase price of PhP301.42 per share or an aggregate purchase price of PhP3,014,027,483. […]
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Marcventures Acquires 5 Million Shares of MMDC

Marcventures Holdings Inc. (PSE: MARC) entered into a subscription agreement with its subsidiary, Marcventures Mining and Development Corp. (MMDC). The company subscribed to five million (5,000,000) shares of stock of MMDC with a par value of PhP10.00 per share for a total amount of PhP50 million. Related Articles:Marcventures to Increase Nickel Ore ProductionPHStocks Exclusive: Top […]
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Philab to Acquire Sydenham Laboratories

Philab Holdings Corp. (PSE: DNA) has confirmed its plans to acquire 67 percent of local pharmaceutical firm Sydenham Laboratories Inc. (SLI). This proposed acquisition is still subject to the results of due diligence and regulatory approvals from the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). With more than 40 years in […]
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AC Industrials Completes Acquisition of 94.9% Stake in MT Misslbeck

Makati—(PHStocks)—AC Industrial Technology Holdings Inc. (AC Industrials), a wholly-owned subsidiary of Ayala Corp. (PSE: AC), completed through AC Industrials (Singapore) Pte Ltd the acquisition of 94.9% of MT Misslbeck Technologies GmbH (MT) in a transaction valued at €26.8 million total enterprise value. This investment forms part of AC Industrials’ strategy to increase its competence and […]
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