Since it’s maiden public offering 30 years ago, the market capitalization of real estate giant Ayala Land Inc. has ballooned to over P500 billion from P42 billion, making ALI among the largest companies in the Philippine Stock Exchange Index. The Philippine Stock Exchange, Inc. (PSE) and ALI have...
The Securities and Exchange Commission (SEC) has conditionally approved the planned P44.07 billion initial public offering (IPO) of Del Monte Philippines, Inc. (DMPI). The Commission En Banc resolved to render effective the registration statement of DMPI covering 2.8 billion common shares to be...
The Keepers Holdings, Inc., the liquor importation and distribution firm of Lucio Co and formerly Da Vinci Capital Holdings, Inc., is planning to raise up to P7.5 billion through a follow-on offering. According to the Securities and Exchange Commission, the firm has filed its registration statement...
Sta. Lucia Land Inc. is planning to raise up to P9.87 billion from a planned follow-on offering (FOO) to fund its capital expenditures and pay for existing debt. In a registration filed with the Securities and Exchange Commission, Sta. Lucia said it is planning a public offering of up to 2.5...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation so it can no longer operate as a lending company. This comes after the firm was found to have engaged in unfair debt collection practices and failed to disclose the true cost...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
The Securities and Exchange Commission (SEC) threatens to revoke the licenses of lending and financing companies that have yet to register and disclose their online lending platforms (OLP). The Commission issued the stern warning in a notice as it continues to cleanse the roster of lending and...
The Securities and Exchange Commission (SEC) is finalizing the guidelines for arbitration that would ensure the speedy and impartial resolution of intra-corporate disputes. The Commission released for public comment the draft guidelines operationalizing Section 181 the Revised Corporation Code of...
The Capital Markets Integrity Corporation (CMIC), the independent audit, surveillance, compliance and enforcement unit of The Philippine Stock Exchange, Inc., denied allegations that it had been remiss in its previous audits of Venture Securities Inc. In a statement released to media, Venture cited...
The Securities and Exchange Commission (SEC) has upheld the findings of the Philippine Stock Exchange’s independent audit, surveillance and compliance arm against Venture Securities, Inc. (VSI) for violation of multiple trading rules. The PSE’s Capital Markets Integrity Corporation said these...
The Securities and Exchange Commission (SEC) has approved the planned public offerings of P51.81 billion worth of securities by San Miguel Corporation (SMC) and Cirtek Holdings Philippines Corporation. In its meeting on June 15, the Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission (SEC) has also revoked the license of R&L Investments, Inc., as well as disqualified its key officers and the owner of the account used to siphon off P700 million worth of client shares from the stock brokerage. In addition, the SEC special hearing panel...
