Federal Land Brings in Nomura Real Estate and Isetan Mitsukoshi Holdings for Strategic Partnership

Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) announced today that its wholly-owned property company Federal Land Inc. (Federal Land) will join forces with Isetan Mitsukoshi Holdings Ltd. (Isetan Mitsukoshi) and Nomura Real Estate Development Co. Ltd (Nomura Real Estate) to jointly finance and develop Sunshine Fort, a mixed-use retail-residential development at Bonifacio Global City (BGC) in […]
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GT Capital 9M 2016 Net Income Up 46% to PhP12.3B

Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) reported today that its consolidated net income for January to September 2016 increased a noteworthy 46% to PhP12.3 billion from PhP8.4 billion in the same period last year. Excluding extraordinary gains, core net income amounted to PhP9.3 billion from Php7.6 billion in 2015, representing an increase of 23%. The […]
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GT Capital Consolidates Its Majority Ownership in Pro-Friends for PhP8.76B

Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) disclosed today that it has subscribed to an additional 28.3% equity stake in Property Company of Friends Inc. (Pro-Friends) for an additional PhP8.76 billion, pursuant to an agreement entered into by GT Capital and Pro-Friends on August 6, 2015. This increases GT Capital’s economic stake in Pro-Friends from 22.7% to 51%. The initial […]
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MPIC Forms Strategic Alliance with the GT Capital

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced the following significant transactions: 1. The placing of 3.6 billion new MPIC ordinary common shares to GT Capital Holdings Inc. (PSE: GTCAP) at a price of PhP6.10 per share for a total cash consideration of PhP21.96 billion. This will be received by MPIC as a deposit for share […]
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AXA Completes Acquisition of Charter Ping An

Makati— (PHStocks)—Philippine AXA Life Insurance Corp. (AXA Philippines) announced that it completed the 100% acquisition of Charter Ping An Insurance Corporation (Charter Ping An). AXA first announced its intention to purchase the non-life insurance company from GT Capital Holdings Inc. (GT Capital, PSE: GTCAP) on November 5, 2015. AXA Philippines is a joint venture between […]
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GT Capital Full-Year 2015 Net Income Up 32% to PhP12.1B

Makati City— (PHStocks)—GT Capital Holdings Inc. (GT Capital, PSE: GTCAP) today reported a 32% growth in its full-year 2015 consolidated net income to PhP12.1 billion from Php9.2 billion last year. The conglomerate’s full-year 2015 consolidated revenues expanded 13% to PhP159.2 billion from PhP141.1 billion in 2014. Higher net income contributions from its key component companies, such as Global Business Power […]
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GT Capital Declares Cash Dividends

Makati—(PHStocks)—The Board of Directors of GT Capital Holdings Inc. (PSE: GTCAP) approved the declaration of a special cash dividend in the amount of PhP522.9 million, or PhP3.00 per share, in favor of GT Capital’s common stockholders of record as of 8 April 2016, payable on or before 4 May 2016. The board has also approved the declaration of […]
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MERALCO Taps GTCAP Unit for Interim Power

Pasig—(PHStocks)—Manila Electric Co. (MERALCO, PSE: MER), the Philippines’ largest distributor of electrical power, has signed power supply deals with two independent power producers (IPPs) in the Visayas to augment a foreseen capacity deficit in its portfolio, especially during the coming summer. In a filing with the Energy Regulatory Commission (ERC), Meralco said it signed separate […]
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