HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
Newly listed West Zone water concessionaire Maynilad Water Services Inc. said that its net income grew by double-digits in the third quarter on the back of higher revenues and improved cash operating expenses (OPEX). In a statement on Thursday, Nov. 13, the company said its core net income for the...
The water level in Marikina River remains at a normal level despite heavy and continuous rains brought by Super Typhoon Uwan on Sunday, Nov. 9, Marikina City Mayor Maan Teodoro said. Based on the latest water level monitoring by the city government, the river 's water level stood at 13.4...
West Zone concessionaire Maynilad Water Services Inc. successfully debuted on the Philippine Stock Exchange after its ₱34.33 billion initial public offering (IPO) was heavily favored by investors, ending 2.7 times oversubscribed. In a briefing before the listing, Maynilad Chief Finance Officer...
It’s all systems go for the initial public offering (IPO) of Maynilad Water Services Inc., which is tagged to be the biggest stock offering in the last four years. Amidst the continuing political drama surrounding the floodgate mess, there is no stopping Maynilad’s IPO, especially with...
Senate Deputy Majority Leader Joseph Victor “JV”Ejercito has called on government agencies to immediately address the “dangerous disconnect” in the management of water resources. Ejercito said the lack of coordination between flood control projects and agencies with technical expertize in...
Metro Manila’s West Zone concessionaire Maynilad Water Services, Inc. has decided to exercise in full the ₱5.32 billion upsize portion of its ₱34.33 billion initial public offering in response to strong investor demand for the firm’s stock. In a statement, Maynilad said that, after the...
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito has called on the government to fast-track the creation of a Department of Water Resources Management that will unify all water-related functions of government. Ejercito renewed his call for the creation of the department which he...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
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...
