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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
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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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