MPIC Ups Stake in MERALCO and Global Power

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila […]
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Alsons Taps ING for PhP7.5B Note Issuance

Makati—(PHStocks)—Alsons Consolidated Resources Inc. (PSE: ACR), the publicly-listed company of the Alcantara Group, has entered into an Omnibus Notes Facility and Security Agreement for the issuance of Fixed Rate Corporate Notes in the amount of PhP7.5 billion. The Notes will have 5-year and 7-year tranches and the proceeds from the issuance of such notes will be used […]
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Alsons Consolidated Posts 55% Growth in 2014 Revenues

Manila–(PHStocks)–Alsons Consolidated Resources Inc. (PSE: ACR), the publicly-listed company of the Alcantara Group, reported a 55% increase in revenues to PhP5.2 billion in 2014 from PhP3.3 billion in 2013. The growth in 2014 revenues came mainly from full-year operation of the 103MW Mapalad Power Corporation (MPC) diesel plant in Illigan City. The MPC plant was […]
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Alsons Forecasts PhP567M Income for 2012

Manila—(PHStocks)—Alsons Consolidated Resources Inc. (PSE: ACR), a subsidiary of the Alcantara Group, expects its full-year net income attributable to the parent for 2012 is expected to hit PhP567.2 million. This shows a 24% increase from the PhP455.9 million the company earned in 2011. The increased net income attributable to the parent was the result of […]
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