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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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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PHStocks Week in Review: The Libya Effect

The continuing crisis in the Middle East, in particular the political unrest in Libya—the country that accounts for 2% of the global oil supply—dealt a severe beating to the local stock market this week. The bellwether Philippine Stock Exchange index (PSEi) slid for five consecutive trading days since Friday the week before, before slightly recovering […]
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Mining & Oil, Property Sectors Recover

Local shares continue their bloodbath as the bellwether Philippine Stock Exchange index (PSEi) dropped from the 3,800 mark to end Wednesday’s trading day at 3,757 points, further down by 0.71% from the close yesterday. The wider all-share index likewise fell 1.11% further, in part due to the continuing crisis in the Middle East that had […]
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