Coal Asia Holdings Inc. is seeking to more than double its capital to facilitate a ₱6.64 billion share swap, a move that will allow Tubig Pilipinas Group Inc. to go public through a backdoor listing. In regulatory filings with the Philippine Stock Exchange, Coal Asia said the miner plans to...
Dexter Tiu’s Pure Energy Group is undertaking a ₱99.7 million mandatory tender offer to acquire all the shares of Coal Asia Holdings Inc. held by minority shareholders after buying 71.6 percent of the company from its principal owners. A Share Purchase Agreement was signed among Coal Asia’s...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...