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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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Ayala Net Income Climbs 15% to PhP5.8B in 1Q 2016

Makati—(PHStocks)—Ayala Corp. (PSE: AC) recorded a net income of PhP5.8 billion in the first quarter of the year, expanding 15% from a year ago, as most of its businesses performed well with largest growth coming from its real estate, power generation, and automotive businesses. This strong first quarter results was driven by the equity earnings contribution […]
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Mercedita Nolledo Joins D&L Industries Board of Directors

Quezon City—(PHStocks)—D&L Industries Inc. (PSE: DNL) announced today that Mercedita S. Nolledo has been elected to its Board of Directors as Independent Director. A lawyer, a Certified Public Accountant, and a veteran corporate executive of the Ayala group of companies, she will serve in the Audit Committee and Remuneration Committee. Her appointment was effective April […]
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