PLDT Sells Stocks in Beacon Electric Asset to MPIC

Makati—(PHStocks)—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)—is selling common and Class A preferred shares of stock in Beacon Electric Asset Holdings Inc. (BEAHI) to Metro Pacific Investments Corp. (MPIC, PSE: MPI). BEAHI is a joint venture company formed by MPIC and PCEV. […]
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MPIC Takes 5% Stake in Meralco through Acquisition from Beacon Electric

Makati–(PHStocks)–Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced that Beacon Electric Asset Holdings Inc. (Beacon), a special purpose company jointly owned by MPIC and PLDT Communications and Energy Ventures (PCEV), will sell 56.35 million shares, comprising approximately 5%, in Manila Electric Co. (Meralco, PSE: MER), to MPIC at a price of PhP235 per share for […]
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MPIC Effective Stake in Meralco Now 27.48%

Manila–(PHStocks)–PLDT Communications and Energy Ventures Inc. (PCEV), today announced the Beacon Electric Asset Holdings Inc. (Beacon), a special purpose company jointly owned by PCEV and Metro Pacific Investments Corp. (MPIC, PSE: MPI), will sell 56.35 million shares, comprising approximately 5%, in Manila Electric Co. (Meralco, PSE: MER), to MPIC at a price of PhP235 per […]
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PHStocks Week in Review: Cyclical

Manila—(PHStocks)—Local shares had a roller coaster ride this week as profit taking and bargain hunting sent the market up and down. The bellwether Philippine Stock Exchange index (PSEi) started the week by regaining its footing at the 4,800-point mark on Monday, 6 February. The next day saw investors cashing in on gains, with the PSEi […]
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PH Stocks Regain Losses

Manila–(PHStocks)–Local shares recovered slightly on Friday, 10 February, after profit taking in the previous day. The bellwether Philippine Stock Exchange index (PSEi) went up by 0.29% or 13.9 points to close the roller coaster week at 4,783.52, after a breaching the 4,800-point mark twice. All counters except the Industrial and Holding Firms indices were up. […]
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Beacon Acquires Additional Shares in MERALCO

Manila–(PHStocks)–Metro Pacific Investments Corporation (MPIC; PSE: MPI) and PLDT Communications and Energy Ventures, Inc. (PCEV) today announced the purchase by Beacon Asset Holdings Inc. (Beacon) of 30,000,000 common shares representing 2.66% in Manila Electric Company (MERALCO, PSE: MER) from First Philippine Utilities Corporation (FPUC) at the cash price of Php295 per share and FPUC retaining […]
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PH Stocks Up on Japan’s Improving Nuclear Situation

The bellwether Philippine Stock Exchange index (PSEi) went up 0.26% or 9.83 points to 3,854.14 points on Tuesday, amid news of improving nuclear situation in Japan. The wider all-shares index likewise moved up by 0.34% to 2,888.96 points as investor confidence slowly rebound. The Property index led the gaining sectors with a 1.17% increase, followed […]
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Next Target: 4,000pts

Local shares surged Wednesday on upbeat investor sentiment, with the bellwether Philippine Stock Exchange index (PSEi) gaining 0.72% or 27.99 points to break the 3,900-mark and close at 3,926.86 points. The wider all-shares index likewise grew, increasing 0.37% to end Wednesday trading at 2,936.52 points. All counters are also on an uptrend, with the Property […]
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