The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
AREIT, Inc. (AREIT), a subsidiary of Ayala Land, Inc. (ALI), reaped multiple international awards and citations in 2020 as the first Real Estate Investment Trust (REIT) to list in the Philippine Stock Exchange (PSE) last year. The landmark debut saw AREIT successfully complete its initial public...
To launch six models this year Ayala-owned AC Motors aims to corner at least 10 percent share in the domestic automotive market by 2025, confident of the strength of its five brands global car brands. AC Motors automotive group President Antonio “Toti” Zara III said they would work to achieve a...
Ayala-led firm AC Energy Philippines Inc. (ACEN) is accelerating the offer period for its stock rights offering (SRO) that will cover the issuance of 2,267,580,434 shares. In an updated disclosure to the Philippine Stock Exchange (PSE), the company indicated that its offer period will start on...
AREIT, Inc., Ayala Land’s real estate investment trust, has acquired 9.8 hectares of land from Ayala Corporation’s subsidiary Technopark Land, Inc. (TLI) in Laguna Technopark through a deed of sale for P1.1 billion (VAT-inclusive). In a disclosure to the Philippine Stock Exchange, AREIT said...
Ayala Corp. (AC), one of the country’s leading conglomerates, is increasing its investments in the country with about P182 billion in capital expenditures earmarked for this year for their various businesses even as the company continues its COVID-19 efforts with donations already hitting P12.7...
Arran Investment Pte. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC Private Limited, has formalized its 17.5-percent equity acquisition in AC Energy Philippines Inc. (ACEN), a deal which primarily covered P20 billion private placement as part of the ownership take. GIC’s entry...
Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares will be issued. The stock listing has been priced at P2.37 per share, based on approval that it had secured for its SRO from the...
Ayala Healthcare Holdings, Inc. (AC Health), through Healthway Philippines Inc. (HPI), has signed agreements to acquire a controlling stake of Mercado General Hospital, Inc. (Qualimed), which owns or has interests in the Qualimed Health Network. In a statement, AC Health said the addition of...
The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. AC Energy President and CEO Eric T. Francia The board of directors of AC Energy Philippines had green-lighted secured loan...
Ayala Corporation revealed more about its succession plan with the announcement that Chairman Jaime Augusto Zobel de Ayala (JAZA) will be giving up his concurrent position as Chief Executive Officer in favor of his brother, Ayala President Fernando Zobel de Ayala (FZA). In a disclosure to the...
Ayala Corporation, the country’s oldest conglomerate, announced that it will be appointing its Chief Finance Officer Jose Teodoro “TG” K. Limcaoco as the new President of Bank of the Philippine Islands next year. Jose Teodoro “TG” K. Limcaoco In a statement, the firm said Ayala...
