Solar Philippines Nueva Ecija Corporation (SPNEC) has firmed up plans for its stock rights offering (SRO) worth up to P3.3 billion. In a disclosure to the Philippine Stock Exchange, the firm said it plans to seek regulatory approval for the SRO at an entitlement ratio of one share for every 1.28...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 164 percent surge in core net income to P17.4 billion last year, the highest in its history, from the P6.6 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “Surging commodity prices,...
Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc. In a disclosure to the Philippine Stock Exchange, the firm said it will raise its...
SM Prime Holdings Inc., one of the leading integrated property developer in Southeast Asia, is planning to issue up to P30 billion in bond from the fourth tranche of its P100 billion debt securities program. Philippine Rating Services Corporation (PhilRatings) has assigned the highest issue credit...
DMCI Mining posts record profit of P1.7-B By JAMES A. LOYOLA DMCI Mining Corporation nearly tripled its net income to P1.7 billion last year, its highest ever, from P575 million in 2020 on the back of record shipments coupled with surging nickel prices. In a disclosure to the Philippine Stock...
Robinsons Retail Holdings, Inc. (RRHI), a member of the Gokongwei Group, reported a 39.2 percent growth in attributable net income to P4.5 billion last year, boosted by its strong performance in the fourth quarter of 2021. In a disclosure to the Philippine Stock Exchange, RRHHI said its net sales...
Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of...
STI Holdings reported a turnaround with a net income of P56 million in the first half of fiscal year (FY) 2021-22, or the six-month period ended December 31, 2021, from the P113.9 million net loss for the same period in the previous year. The firm’s FY starts on July 1 of every calendar year (CY)...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 21 percent growth in consolidated net income to P21.8 billion last year from P18.0 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is on the back of the...
Balai ni Fruitas, Inc., a wholly-owned subsidiary of publicly-listed Fruitas Holdings Inc., is planning to raise up to P309 million from its initial public offering. Documents filed with the Securities and Exchange Commission show, the firm plans to offer up to 325 million primary common shares and...
