Ayala Restructures Energy Business

Ayala Corp.’s (PSE: AC) board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, Renewable Energy and Thermal Energy. The restructuring will be undertaken through the following steps: 1. Creation of a new holding company: AC Renewables Inc. 2. Transfer of renewable assets to […]
Continue reading…

 

BPI Approves Stock Rights Offer for Up to PhP50 Billion

Bank of the Philippine Islands (PSE: BPI) approved a stock rights offering (SRO) of common shares to eligible shareholders to raise up to PhP50 billion to support its growth and strategic initiatives in the coming years. The bank believes that the Philippine banking sector continues to present significant medium and long-term growth prospects and that […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

IMI Manufactures KTM Bikes, Creates Jobs

Laguna, Philippines—(PHStocks)—Motorcycle production for Austrian motorcycle giant KTM AG is now in full swing at Integrated Micro-Electronics Inc. (PSE: IMI), Sta. Rosa, Laguna. IMI’s state-of-the-art manufacturing facility for KTM Asia Motorcycle Manufacturing Inc. (KAMMI) was inaugurated on June 6 in the company’s complex at Laguna Technopark. Related Articles:Ayala Net Income Climbs to ₱26BIMI Acquires Property […]
Continue reading…

 

AC Industrials Acquires MT Misslbeck Technologies

Makati—(PHStocks)—AC Industrial Technology Holdings Inc., a wholly owned subsidiary of Ayala Corp. (PSE: AC), completed the signing and execution of the Share Purchase and Transfer Agreement through AC Industrials (Singapore) Pte Ltd (AC Industrials Singapore) to acquire 94.9% of MT Misslbeck Technologies GmbH in a transaction valued at €26.8 million total enterprise value. The closing […]
Continue reading…

 

Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
Continue reading…

 

Ayala’s Second PhP10 Billion Issuance in its Fixed-Rate Bonds Program Rated PRS Aaa

Makati—(PHStocks)—An Issue Credit Rating of PRS Aaa, with a Stable Outlook, was assigned by Philippine Rating Services Corporation (PhilRatings) for Ayala Corp.’s (PSE: AC) proposed PhP10 billion Retail Bonds. The proceeds of the issuance will be used to refinance Ayala’s outstanding PRS-rated bond issuance of PhP10 billion maturing on April 30, 2017. This will be […]
Continue reading…