San Miguel Corporation (SMC) and Aboitiz Equity Ventures (AEV) are raising a combined P40 billion from the issuance of fixed-rate bonds shelf-registered with the Securities and Exchange Commission. In a disclosure to the Philippine Stock Exchange, SMC said it has filed with the SEC a...
The Securities and Exchange Commission (SEC) has issued rules giving minority shareholders in publicly listed companies (PLC) more power by allowing them to call special stockholders’ meetings. SEC Chairperson Emilio B. Aquino (Photo credit: https://www.sec.gov.ph/commissioners/) “The newly...
The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion....
The Securities and Exchange Commission (SEC) has approved the amendments to the Implementing Rules and Regulations (IRR) of the Securities Regulation Code (SRC), including the expanded list of entities deemed as qualified buyers. Section 8 of the SRC provides that securities shall not be sold...
The Securities and Exchange Commission (SEC) has canceled the corporate registration of Bill Ford VIP Trading, Inc. which has been found to have engaged in unauthorized investment activities resembling a Ponzi scheme. In an order, the SEC Enforcement and Investor Protection Department (EIPD)...
The Securities and Exchange Commission (SEC) has approved the planned P72.45 billion initial public offering of food and beverage manufacturer Monde Nissin Corporation. In its April 20 meeting, the Commission En Banc resolved to render effective the registration statement of Monde Nissin...
The Securities and Exchange Commission (SEC) has launched the Electronic Simplified Processing of Application for Registration of Company (eSPARC) for faster and easier registration of corporations. In a statement, the SEC said that, starting April 19, it will accept and process under eSPARC all...
The Securities and Exchange Commission (SEC) is expanding the list of entities deemed as qualified buyers of securities in the proposed amendments to the 2015 Implementing Rules and Regulations (IRR) of the Securities Regulation Code (SRC). Rule 10.1 of the SRC IRR enumerates the list of qualified...
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
The Court of Appeals (CA) upheld the order of the Securities and Exchange Commission (SEC) revoking the certificate of incorporation of Kapa-Community Ministry International for its fraudulent investment-taking activities. The CA Special 16th Division held that the SEC validly acquired exclusive...
The Securities and Exchange Commission (SEC) will allow the submission of electronically signed annual financial statements (AFS) by corporations enrolled in the newly launched Online Submission Tool (OST). This is while Metro Manila and nearby provinces are under enhanced community quarantine. In...
The Securities and Exchange Commission (SEC) announced that it is migrating to a new company registration portal called the Electronic Simplified Processing of Application for Registration of Company (eSPARC) by April 19. In a statement, the SEC said the new portal will provide the public with a...
