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...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Ayala-led ACEN Corporation has broadened partnership deals with two Singaporean firms for transition credits (TC) trading that could financially support the advanced retirement of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Batangas. The latest...
Keppel Telecommunications & Transportation’s (Keppel T&T) wholly-owned subsidiary, Keppel Midgard Holdings Pte. Ltd. (KMH), and Converge ICT Solutions Inc. have virtually signed definitive agreements for the latter's P5 billion investment in the Bifrost Cable System linking Singapore to...
Local fiber broadband provider Converge Information & Communications Technology Solutions, Inc. (Converge) is investing $100 million (around P5 billion) into the Bifrost Cable System, in a partnership with Keppel Telecommunications & Transportation’s (Keppel T&T), wholly-owned...
Metro Pacific Investments Corporation (MPIC) is investing an initial US$67 million through a partnership with Keppel Infrastructure Trust (KIT) to acquire Philippine Coastal Storage & Pipeline Corporation (PCSPC), the largest petroleum products import terminal in the Philippines. In a...
