Budding energy firm Solar Philippines Nueva Ecija Corporation (SPNEC) has secured the approvals of the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) on its initial public offering (IPO) this year. The designated issue manager and lead underwriter for the planned...
Transmission firm National Grid Corporation of the Philippines (NGCP) is scheduling P440 billion worth of investments that will be funneled to 211 projects to be concretized in a span of more than a decade. According to the company, the capital outlay will be spread over 13 years that will...
The Energy Regulatory Commission (ERC) is seeking guidance from the Securities and Exchange Commission (SEC) on the appropriate modality in the mandated initial public offering (IPO) of power generation companies (GenCos). “We are in consultation with SEC for us to be able to come up with a more...
Leading oil firm Petron Corporation is scheduling the redemption of its Series 2B preferred shares by November 3 this year at a redemption price of P1,000.00 per share. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it already “commenced delivery of its notice of...
New York-headquartered investment firm KKR & Co. Inc. will be acquiring additional 7.3 percent equity in Lopez-owned First Gen Corporation via a tender offer (TO) transaction worth P8.68 billion or roughly $171 million. The TO covered 262.937 million common shares that were unloaded by the...
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of AllDay Marts, Inc. at the bourse’s Main Board—paving the way for the retailer’s P6 billion initial public offering. AllDay Marts, the operator of AllDay Supermarkets, will be offering up to 6.86...
Lopez-led First Gen Corporation will be unloading approximately 8.7 percent of aggregate issued and outstanding common shares via a tender offer process that its prospective taker will be applying with regulators soon. In a formal notice, investor Philippines Clean Energy Holdings Inc. (PCEHI) has...
The Philippine Stock Exchange (PSE) reported a 63 percent leap in consolidated net income to P377.98 million in the first half of 2021 from the P231.76 million earned in the same period last year. In a disclosure, the bourse said its profit growth was largely brought about by the 30.94 percent...
The local stock market will continue to be swayed by news on whether COVID-19 cases are still rising or finally tapering while some investors may be raising cash for upcoming initial public offerings of real estate investment trusts. “Next week, the local market may take cues from our COVID-19...
After more than a year of shutdown, the 32-megawatt Manolo Fortich 1 hydropower facility of Hedcor Inc. of the Aboitiz group was finally back on line and has recommenced augmenting power supply for the Mindanao grid. 27297 In a disclosure to the Philippine Stock Exchange (PSE), Aboitiz Power...
Trading at the stock market this week will be influenced by the COVID-19 situation as well as the release of key economic data by the Philippine and US governments. “Next week, investors are expected to monitor our COVID-19 situation following the recent rise in case counts, and the detection of...
The Philippine Stock Exchange (PSE) will lift the trading suspension of Prime Media Holdings Inc. (PRIM) on Monday, Aug. 9, 2021 at 9 a.m. after the company submitted the required Comprehensive Corporate Disclosure on Backdoor Listing. The trading of PRIM shares were suspended by the PSE last July...
