PHStocks

Pasay–(PHStocks)–Philippine conglomerate SM Investments Corp. (PSE: SM) reported a 15% growth in net income for 2011 of PhP21.2 billion from PhP18.4 billion last year. Consolidated revenues increased by 13% to PhP200.7 billion, compared with PhP177.2 billion in 2010. SM’s healthy revenue and profit growth during the year was a result of the strong performance by its core businesses. SM President Harley T. Sy said, “2011 proved to be a favorable year for…

Makati–(PHStocks)–The Board of Directors of BDO Unibank Inc. (PSE: BDO), at its regular board meeting held Saturday, 28 January 2012, approved the following: 1. Declaration of dividends on Preferred Shares Series “A” at the rate of 6.5% per annum for a total dividend amount of PhP329,513,888.89, subject to prior approval of the Bangko Sentral ng Pilipinas (BSP). 2. Setting of the Annual Stockholders’ Meeting of BDO Unibank on 20 April…

(PHStocks) – The Securities and Exchange Commission (SEC) approved the merger of the following wholly-owned subsidiaries of BDO Unibank Inc. (PSE: BDO): BDO Strategic Holdings Inc. (BDOSHI), Equitable Card Network Inc., EBC Strategic Holdings Corp., BDO Technology Center Inc., and Strategic Property Holdings Inc., with BDOSHI as the surviving corporation. Equitable Card Network, Inc., EBC Strategic Holdings Corp., BDO Technology Center Inc. and Strategic Property Holdings, Inc. all cease to…

Banco de Oro Unibank Inc. (PSE: BDO) has announced an additional listing of 267,669,397 common shares, with a par value of PhP10.00 per share, to cover the following private placement transactions at an issue price of PhP41.50 per share, and a total value of PhP11,108,279,975.50: a) 107,320,482 common shares issued to Multi-Realty Development Corporation amounting to PhP4,453,800,003.00; b) 24,033,253 common shares issued to International Finance Corporation amounting to PhP997,379,999.50; and,…

Banco De Oro Unibank Inc. (PSE: BDO) has sold its 5% stake in Philam Equitable Life Assurance Company, Inc. (PELAC) to The Philippine American Life and General Insurance Co. (Philamlife). PELAC is the joint venture company through which the former Equitable PCI Bank (EPCIB) and Philamlife engaged in the bancassurance business. BDO acquired its 5% stake in PELAC when it merged with EPCIB. Philam exercised its option under their agreement…