Business NEWS

The Ayala group of companies has immediately mobilized resources to assist families affected by Taal Volcano’s renewed seismic activity.

New normal dining doesn't mean less romantic.

Maxus Philippines has joined the expanding SUV market with the introduction of D60, a compact SUV that is expected to become one of its major growth drivers.

ACEN, in its disclosure to the Philippine Stock Exchange (PSE), has stated that its FOO was approved on Thursday (February 4) for “primary shares issuance size of up to 2.0 billion shares, with secondary shares to be included as part of the total offering size to be determined at a later date.”

Ayala-led AC Energy Corporation (ACEN) will be completing its series of P30 billion worth of equity-based fund raising activity by concretizing the third leg via a follow-on offering (FOO) this year.

The Ayala-owned ACE Enexor Inc., an upstream oil and gas investment subsidiary, has announced its formal withdrawal from Service Contract (SC) 6, which is a petroleum exploration block in Northwest Palawan.            

The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion.

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.

To launch six models this year

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.

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.

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.

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. 

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.

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.

The subsidiary of Japanese firm Marubeni Corporation has inked a shareholders’ agreement with the energy investment arm of the Ayala group to firm up its acquisition of 50-percent stake in the corporate vehicle for the latter’s 150-megawatt Pililla diesel power project.

Ayala-owned upstream petroleum firm ACE Enexor Inc. has kicked off its search for a deep-pocketed and technically experienced partner for its planned oil and gas exploration venture at an offshore block in Northwest Palawan.

 Despite the huge impact of the ongoing pandemic, the Ayala group of companies is not taking its eyes off the threat of climate change and remains committed ensure that its businesses will weather this coming crisis.