Ayala Education Unit to Merge with iPeople

Ayala Corp. (PSE: AC), AC Education Inc., House of Investments Inc. (PSE: HI), and iPeople inc. (PSE: IPO) signed the definitive agreements for the merger of AC Education with iPeople. The merger, which shall be completed as a statutory merger in accordance with Philippine law, shall be subject to the approval of the stockholders of […]
Continue reading…

 

Asiabest Group Share Purchase Agreement with Tiger Resort Asia

A group of shareholders of Asiabest Group International Inc. (PSE: ABG) and Tiger Resort Asia Ltd have signed a share purchase agreement. Tiger is a Hong Kong corporation and is currently the majority shareholder of Tiger Resort, Leisure and Entertainment Inc. doing business under the name and style of Okada Manila. Under the agreement, the […]
Continue reading…

 

Robinsons Retail Ups Stake in Ministop Philippines

Robinsons Retail Holdings Inc. (PSE: RRHI), through its wholly-owned subsidiary, Robinson’s Inc., entered into a share purchase agreement with Mitsubishi Corp. for the sale of the latter’s shares in Robinsons Convenience Stores Inc. (RCSI). The transaction involves Robinson’s purchase of shares from Mitsubishi, which is equivalent to approximately 8% stake in RCSI. Robinsons Retail’s effective […]
Continue reading…

 

Substantial Acquisitions of PHA Subsidiary

Redstone Construction & Development Corporation (RCDC), an 80% subsidiary of Premiere Horizon Alliance Corp. (PSE: PHA), has acquired 98.88% of Pyramid Hill Mining Industrial Corp. through a conversion of advances from RCDC amounting PhP220 Million, and 98.55% of Palawan Star Mining Ventures through a conversion of advances from RCDC amounting PhP170 million. Both companies are […]
Continue reading…

 

ISM Announces Sale Treasury Sales

In a meeting held today and further to the ISM Communications Corp.’s (PSE: ISM) disclosures of 22 June 2018 and 15 August 2018, the Executive Committee approved the purchase by Accion Common Development Fund SPC (Accion) of all of the company’s 841,945,107 treasury shares at a┬ápurchase price of PhP1.45 per share or a total purchase […]
Continue reading…

 

URC to Acquire Roxas Holdings’ Sugar Mill in Batangas

Universal Robina Corp. (PSE: URC) has reached an agreement with Roxas Holdings Inc. (RHI, PSE: ROX) to acquire the milling and refining assets of its wholly-owned subsidiary Central Azucarera Don Pedro Inc. (CADPI) and land owned by RHI, on which the milling and refining assets are situated in Batangas. Under the terms of the sale […]
Continue reading…

 

RHI Agrees to Sell Assets to Reduce Debt

Roxas Holdings Inc. (RHI, PSE: ROX), the largest integrated sugar producer in the country, together with its wholly-owned subsidiary, Central Azucarera Don Pedro Inc. (CADPI) has reached an agreement with Universal Robina Corp. (PSE: URC) for the sale of its sugar milling and refining operations in Brgy. Lumbangan, Nasugbu, Batangas. The consummation of the sale […]
Continue reading…