Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expanding its footprint in the Visayas further with the opening of SM City J Mall in Mandaue City, Cebu on Oct. 25, 2024. In a disclosure to the Philippine Stock Exchange, the firm said this strategic...
Speaker Martin Romualdez’s Prime Media Holdings Inc. is issuing new shares worth P561 million mainly to fund the expansion of Philippine CollectiveMedia Corporation (PCMC) which holds the group’s broadcasting franchise. In a disclosure to the Philippine Stock Exchange (PSE), Prime Media said...
The SM Group is expanding its footprint in Clark Freeport and Special Economic Zone in Pampanga with the construction of a P2 billion multi-modal transport terminal, a convention center, and several hotels. In a statement, SM Investments Corporation said its integrated property in Clark is set to...
The Consunji Group’s flagship DMCI Holdings Inc. has declared a special cash dividend of P6.4 billion or P0.48 per common share for shareholders on record as of October 30, 2024. In a disclosure to the Philippine Stock Exchange, the firm said ex-dividend date has been set on October 29, 2024...
DMCI Holdings Inc. has secured the approval of its shareholders for the P10 billion cash infusion of parent company Dacon Corporation to fund its share in the acquisition of an almost 90 percent stake in Cemex Holdings Philippines Corporation (CHP). Approved during the special stockholders’...
PHINMA Education Holdings, Inc., the private higher education unit of PHINMA Corporation, reported the completion of the initial investment of leading global investment firm KKR. According to PHINMA, The transaction, first announced in May 2024, has closed following the completion of the...
The AC Health Group’s I.E. Medica, a pharmaceutical importer and distribution company, has kicked off its expansion plans with the construction of a new warehouse in the Cavite Technopark. In a statement, Ayala Corporation said the groundbreaking for the new warehouse is a significant step toward...
The Consunji family’s privately-held investment holding company Dacon Corporation is planning to kick off its P1.94 billion tender offer for the minority shares of Cemex Holdings Philippines Inc. (CHP) next month. In a disclosure to the Philippine Stock Exchange, CHP said it has received a copy...
Housing developer 8990 Holdings Inc., through its wholly-owned subsidiary 8990 Housing Development Corporation, has signed an agreement with the Quezon City local government to build a four tower project. In a statement, the firm said it has signed a Memorandum of Agreement with the local...
DMCI Homes, the residential developer of DMCI Holdings Inc., is preparing to venture into Cebu City’s booming condominium market, starting with a P20 billion project, as part of its nationwide expansion plan. In a statement, DMCI Homes Vice President for Project Development Dennis Yap said the...
The Consunji Group is considering the sale of a small stake in Cemex Holdings Philippines (CHP) to ensure that the trading if its shares is not suspended and the stock will not be delisted if its public float falls below the minimum 10 percent after its tender offer. The group expects to complete...
Real estate firm DM Wenceslao Group (DMWAI) has secured power supply for its property development in Paranaque City from MPower, the local retail electricity supplier (RES) subsidiary of power utility giant Manila Electric Company. According to Meralco, the power supply agreement (PSA) signed by...
