Themis Group Corporation is planning to start its ₱285 million mandatory tender offer for the minority shares of Ferronoux Holdings Inc. next week after acquiring a controlling stake in Ferronoux for use as a backdoor-listing vehicle. In a disclosure to the Philippine Stock Exchange, Ferronoux...
SM Supermalls, the mall operations unit of SM Prime Holdings Inc., reported a six percent growth in average daily foot traffic to an all-time high of 5.2 million last year from 4.9 million in 2023. In a disclosure to the Philippine Stock Exchange, the firm said this record performance was due to...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. still owes Bloomberry Resorts Corp. of Enrique K. Razon Jr. ₱301 million from the ₱1-billion deposit made for the cancelled investment in shelved casino projects in Cebu and Clark. In a disclosure to the Philippine Stock Exchange,...
Danish infrastructure fund A.P. Moller Capital is acquiring up to 40 percent of Ayala Corporation subsidiary AC Logistics Holdings Corporation for a yet undetermined amount. In a disclosure to the Philippine Stock Exchange, Ayala said the investment of A.P. Moller, through EMIF II Holding III B.V.,...
SM Hotels and Convention Corp. (SMHCC), a unit of Sy-led SM Prime Holdings Inc. (SMPHI), is investing almost ₱15 billion to support its five-year expansion program. In a disclosure to the Philippine Stock Exchange, SM Prime said the expansion includes developing eight new hotels and two...
The price of Ferronoux Holdings Inc. shares surged 49.53 percent to hit its intraday ceiling of ₱8 per share after the suspension in the trading of the stock was lifted by the Philippine Stock Exchange (PSE). The suspension was lifted after the firm submitted its comprehensive disclosure...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, has successfully raised ₱25 billion from the issuance of fixed-rate retail bonds, which it listed on the Philippine Dealing & Exchange Corporation (PDEx) on Feb. 25, 2025. The issuance, consisting of...
Despite sealing deals to acquire the stakes of its fellow shareholders in the Philippine Dealing System Holdings Corporation (PDSHC), the Philippine Stock Exchange (PSE) will still be more than 20 percent shy of its target of full ownership of the fixed-income bourse owner. In a disclosure, the PSE...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings), owner of the country's largest network of private schools, reported a 76 percent jump in net income to ₱912.2 million for the six-month period ended December 2024 from ₱517.8 million in the same period of 2023. In a...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, is allotting ₱100 billion for capital expenditures this year, same as the amount earmarked in 2024, as it expects sustained growth in consumer demand and corporate activity. “We expect election-related...
STI Education Systems Holdings Inc. (STI) intends to continue expanding its network of schools by building new campuses to capitalize on the "sweet spot" of profitability that it has reached. According to STI Chairman Eusebio Tanco, their network of schools under units STI Education Services Group...
Keppel Philippines Holdings Inc. (KPHI), a subsidiary of Keppel Corporation Ltd. of Singapore, is seeking to voluntary delist its shares from the Philippine Stock Exchange (PSE) after a ₱268.63 million tender offer is conducted to acquire minority-held shares. In light of the planned tender offer...
