Roxas and Company, Inc. (RCI) disclosed to the Philippine Stock Exchange that a complaint has been filed against its officers for alleged Violation of Right to Inspect the Corporate Books. The complaint for violation of Section 73 in relation to Sections 163 and 171 of the Revised Corporation Code...
Roxas & Co. Inc. (RCI) clarified that it has no financial obligations to some 50,000 Batangas farmers and other individuals who will be affected by the company’s planned real estate development across its three haciendas, but to ensure that they are vacated peacefully. In a clarification to...
Roxas & Co. Inc. (RCI) has declined to identify the buyers of its treasury shares citing the Data Privacy Act and that these are not required to be disclosed to the Philippine Stock Exchange. During the firm’s annual stockholders’ meeting, a shareholder asked if 66.93 million treasury...
Roxas and Company, Inc. (RCI) has warned Nasugbu Mayor Antonio Jose Barcelon of “possible legal action” for issuing inaccurate and "malicious" statements against company. In two separate letters addressed to the mayor's office, RCI refuted Barcelon's earlier claims that were posted on his...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
Roxas and Company Inc. (RCI) is facing more financial challenges as the municipality of Nasugbu, Batangas announced that it is seeking the collection of unpaid real property taxes and may foreclose Haciendas Palico, Banilad, and Kaylaway (the Roxas Haciendas) if these are not paid. The announcement...
Roxas and Company, Inc. (RCI) reported today, May 8, that its independent director Aurelio Montinola III has resigned after the firm disclosed the day before, May 7, that his wife has acquired a significant amount of the firm’s shares at a discounted price of P500 million. In a disclosure to the...
Cash-strapped Roxas and Company, Inc. (RCI) has received a much-needed P500 million capital infusion from Stonebridge Corporation, a company chaired by Gizela Gonzalez-Montinola. RCI has investments in real estate through Roxas Land Corporation and sugar milling through a minority interest in Roxas...
Businessman Leandro Leviste has acquired a 7.55 percent stake in cash-strapped Roxas and Company, Inc. (RCI) to become its largest individual shareholder a week after announcing plans to make investments to help local communities in Batangas. Leviste disclosed to the Securities and Exchange...
Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned sugar mill subsidiary of the First Pacific Co.-controlled Roxas Holdings Inc., announced that it has permanently closed its business operations effective on Feb. 28, 2024 due to serious business losses and the government’s sugar...
Sugar and ethanol producer Roxas Holdings, Inc. (RHI) reported a core net loss of P198 million for the first quarter of its fiscal year ending September 2023, slightly higher than its loss of P196 million for the same period last year. In a disclosure to the Philippine Stock Exchange, RHI Chairman...
