MRC Allied Inc. has agreed to sell a 21 percent stake to two private investors for ₱315 million to help pay down debt and fund corporate obligations. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 19, MRC said the company’s board of directors approved the issuance of 315...
A new corporate buyer is planning to invest ₱333.33 million in Bitanga-led MRC Allied Inc., and this will result in the investor becoming the listed company’s biggest principal shareholder. In a disclosure to the Philippine Stock Exchange (PSE), MRC said it has received “a definitive offer...
Businessman Benjamin Bitanga is transferring his privately-held 31.2 percent take in online media platform Rappler Holdings Corporation to his publicly-listed MRC Allied Inc. In a disclosure to the Philippine Stock Exchange (PSE), MRC said it will buy the 31.2 percent interest in Rappler from...
MRC Allied Inc. is investing an initial P75 million to acquire controlling ownership of Bitstar Prime Holdings Inc. which will be its corporate vehicle for its telecommunication and broadband business. In a disclosure to the Philippine Stock Exchange, MRC said its Board of Directors has approved...