Ayala, Aboitize to Start 15-ha City Center in Cebu

The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business. Targeted for launching by 2015, the new city center, which is within the vicinity of Cebu’s main business district, will feature innovative residential developments and commercial […]
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PH Stocks Hit New Record

Manila—(PHStocks)—The Philippine stock market continued their rally Friday, 12 April, buoyed by strong market performance in U.S. markets. The Philippine Stock Exchange (PSE) index hit 6,891.43, up by 0.87% or 59.69 points – a new record high for the local bourse amid continued optimism in the local market. Except for the slight 0.12% drop in […]
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PH Stocks Retreat on Profit Taking

Manila—(PHStocks)—Philippine stocks pull back on Thursday, 4 April, as investors cash in on their gains from the previous trading session. The mainboard Philippine Stock Exchange (PSE) index dropped by 0.46% or 31.58 points to close at 6,783.72. All counters are slightly down amid thin trading. However, the biggest decline – that for Financials – is […]
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More PHStocks Dividend Roundup

Ayala Land Inc. (PSE: ALI): The Board of Directors has approved a cash dividend of PhP0.14787806 per outstanding common share. This regular cash dividend for the first semester ending 30 June 2013 reflects a 35% increase from last year’s first half regular cash dividend of PhP0.109488 per share, and will bring up the company’s dividend […]
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AEV Approves Sale of CitySavings Stake to UnionBank

Cebu—(PHStocks)—In a special meeting today, the Board of Directors of Aboitiz Equity Ventures Inc. (PSE: AEV) has approved the proposed offer from Union Bank of the Philippines (UnionBank, PSE: UBP) to purchase all of its shares in City Savings Bank, Inc. (CitySavings), a Cebu-based thrift bank. AEV, together with its wholly owned subsidiary, Pilmico Foods […]
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Aboitiz Board Approves AboitizLand Acquisition

Cebu–(PHStocks)–The Board of Directors of Aboitiz Equity Ventures Inc. (PSE: AEV) approved the proposal to acquire 100% ownership of its affiliate AboitizLand Inc. (AboitizLand) at the transaction cost of PhP3.2 billion. The transaction is expected to be completed within two months upon the execution of the requisite Share Purchase Agreement and other collateral contracts. AboitizLand is a […]
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AEV Declares Dividends

Cebu–(PHStocks)–The Board of Directors of Aboitiz Equity Ventures Inc. (PSE: AEV) has approved the declaration of cash dividends in the amount of PhP1.58 per share to all stockholders of record as of the close of business hours on 16 March 2012. The dividends are payable on 3 April 2012. Related Articles:AEV to Issue PhP30 Billion Fixed-rate Retail […]
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Annual Stockholders’ Meeting Announcements

Aboitiz Equity Ventures Inc. (PSE: AEV)  Date: 21 May 2012, 4:00 p.m. Venue: Sta. Maria One and Two, Radisson Blu Hotel, Serging Osmena Boulevard corner Juan Luna Avenue, Cebu City Record Date: 30 March 2012 Other notes: Stockholders’ Briefing will be held on 24 May 2012, 4:00 p.m., at the Grand Ballroom of InterContinental Manila, No. 1 […]
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