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PRL allowed to proceed with stock rights offering

PHILIPPINE Stock Exchange (PSE) has given Robinsons Land Corp. (RLC) the greenlight to proceed with a stock rights offering worth up to P20 billion. In a disclosure to the stock exchange on Friday, the Gokongwei-led property developer said the issuance was approved by the PSE on Jan. 10. This will allow the company to offer […] The post PRL allowed to proceed with stock rights offering appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 12th, 2018

PRL allowed to proceed with stock rights offering

PHILIPPINE Stock Exchange (PSE) has given Robinsons Land Corp. (RLC) the greenlight to proceed with a stock rights offering worth up to P20 billion. In a disclosure to the stock exchange on Friday, the Gokongwei-led property developer said the issuance was approved by the PSE on Jan. 10. This will allow the company to offer […] The post PRL allowed to proceed with stock rights offering appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

SBS Philippines receives PSE approval for stock rights offer

SBS Philippines Corp. has secured approval from the Philippine Stock Exchange to proceed with its stock rights offering. In a disclosure to the stock exchange on Thursday, the listed firm said it received notice that the PSE’s board of directors approved the offering of up to 302 million common shares last Oct. 25. SBS Philippines […] The post SBS Philippines receives PSE approval for stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 2nd, 2017

BPI plans P50B stock rights offer

Ayala-led Bank of the Philippine Islands plans to raise as much as P50 billion from the sale of new shares to existing shareholders, beefing up its war chest to fund both organic growth and potential acquisitions. BPI has obtained approval from its board to conduct a stock rights offering equivalent to as much as 567 million new shares, the bank disclosed to the Philippine Stock Exchange on Wednesday. "The bank believes that the Philippine banking sector continues to present significant growth prospects in the short to medium term and that it is well-positioned to capitalize on them," BPI said. As such, BPI said it's conducting this stock rights offering to support growth an...Keep on reading: BPI plans P50B stock rights offer.....»»

Category: newsSource:  inquirerRelated News3 hr. 28 min. ago

Metrobank plans stock rights offering

Ty family-led Metropolitan Bank & Trust Co. plans to raise fresh capital to expand its fast-growing loan book, riding on the country's strong macroeconomic prospects. In a disclosure to the Philippine Stock Exchange on Wednesday, the country's second biggest lender said its board had approved a stock rights offering of up to a maximum of 819.83 million common shares equivalent to the remaining unissued shares from it authorized capital stock. "Timing and size of the transaction are subject to other details such as the offer price and are subject to receipt of regulatory approvals as well as market and other conditions," the disclosure said. Metrobank, which has grown its lo...Keep on reading: Metrobank plans stock rights offering.....»»

Category: newsSource:  inquirerRelated News15 hr. 41 min. ago

SSS considering to invest in PSE

The Social Security System is considering to participate as one of the cornerstone investors in its P2.5 billion stock rights offering. In an interview on Friday, SSS chair Amado Valdez said the state-controlled pension fund was now studying the possibility of investing in the local bourse. "We're talking about it. (PSE president Ramon) Monzon has visited me. We're trying to study," Valdez said, when asked whether the SSS was interested in participating in local capital market regulation as an investor in PSE. Valdez said discussions on the matter had slowed because the person involved in studying the prospective investment in PSE was among those personal stock trades were...Keep on reading: SSS considering to invest in PSE.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2018

SSS plans to increase PSE stake, eyes board seat

By Arra B. Francia, Reporter STATE-RUN Social Security System (SSS) is keen on getting a seat on the Philippine Stock Exchange’s (PSE) board of directors, expressing interest in the stock rights offering to be issued by the local bourse in order to increase its stake. “We also want to get a seat in the PSE, […] The post SSS plans to increase PSE stake, eyes board seat appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2018

SBS completes stock rights offer

MANILA, Philippines — SBS Philippines Corp. has successfully completed its stock rights offering......»»

Category: financeSource:  philstarRelated NewsDec 13th, 2017

Robinsons Land readies P20-B stock rights offer

ROBINSONS Land Corp. (RLC) said its board of directors has approved in principle the company’s plan to raise up to P20 billion in fresh capital from a stock rights offering. “RLC intends to use the majority of its net proceeds from the Offer to finance the acquisition of land located in various parts of the […] The post Robinsons Land readies P20-B stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 24th, 2017

Robinsons Land targets to raise P20B in stock rights offering

  MANILA, Philippines –  Robinsons Land Corporation (RLC), the property development arm of the Gokongwei-led JG Summit Holdings Incorporated, is looking to sell shares to stockholders to acquire more land. In a disclosure to the stock exchange on Friday, November 24, it said its board of directors approved in principle the rights ........»»

Category: newsSource:  rapplerRelated NewsNov 24th, 2017

Trump’s transgender military ban ‘not worked out yet’ – BBC News

The White House has not yet decided how it will implement the president's ban on transgender people serving in the US military. Mr Trump's surprise Twitter announcement on Wednesday has been met with criticism from rights groups. Spokeswoman Sarah Sanders said the administration would work alongside the Pentagon to decide how to proceed. It is not yet clear how the announcement will affect current transgender service personnel. &'8220;The United States government will not accept or allow transgender individuals to serve in any capacity in the US military,&'8221; Donald Trump tweeted. &'8220;Our military must be focused on decisive and overwhelming victory and cannot be burdened with the tremendous medical costs and disruption that transgender in the military would entail.&'8221; Asked at a press briefing if troops on battlefields would be immediately sent back, White House spokeswoman Sarah Sanders said the policy had yet to be worked out. &'8220;The decision is based on a military decision. It's not meant to be anything more than that,&'8221; she said. However, some US media outlets questioned the spending justification. The Washington Post drew attention to an analysis that the US military spends almost $42m (£32m) a year on the erectile dysfunction medication Viagra &'' several times the total estimated cost of transgender medical support. Meanwhile, Politico reports that the move was prompted by threats from Republican hardliners over a spending bill which would provide funding for Mr Trump's promised military spending and border wall plans. One Republican lawmaker had already tabled an amendment to the spending bill to prevent the military paying for transgender surgical procedures. The timing of this transgender ban is almost as interesting as the move itself. Why now? With the Trump administration being buffeted by the Jeff Sessions political death watch, the ongoing multi-prong investigation into the Trump campaign, the healthcare drama in the Senate and the impending Russian sanctions bill, perhaps the administration decided this was a good time to change the subject and rally conservative forces to his side. Republicans have long used cultural issues as a wedge to divide Democrats and energise evangelicals. As one White House insider acknowledged, this is straight out of that playbook. While Mr Trump campaigned as sympathetic to LGBT rights, he needs the traditional religious conservatives to stay loyal to him now, more than ever. The president's action will create a furore among liberals and the media commentators whose disdain for the current administration is not a new development. This is a fight the White House will welcome. The decision to allow transgender people to serve openly in the military was made by the Obama administration last year, with a one-year review period allowed for its implementation. The policy included a provision for the military to provide medical help for service members wanting to change gender. But in June, Defence Secretary James Mattis agreed to a further six-month delay. In 2016, the independent Rand Corporation estimated that about 4,000 US active-duty and reserve service members are transgender, although some campaigners put the figure higher than 10,000. Rand also predicted that the inclusion of transgender people in the military would cause a 0.13% increase in healthcare spending (approximately $8.4m). Kristin Beck, a retired elite Navy SEAL, issued a challenge to President Trump in an interview with Business Insider: &'8220;Let's meet face to face and you tell me I'm not worthy.&'8221; She said that during her decorated military career, she had been &'8220;defending individual liberty&'8221;. &'8220;Being transgender doesn't affect anyone else,&'8221; she said. &'8220;We are liberty's light. If you can't defend that for everyone that's an American citizen, that's not right.&'8221; Army reservist Rudy Akbarian, in Los Angeles, said: &'8220;My heart dropped a little bit, you know. It hurt.&'8221; &'8220;Not everyone responded well after learning I was transitioning,&'8221; he said. &'8220;But after spending time on missions and realising we all share the same love for the country, we worked together and got the job done. &'8220;The discrimination I'm facing now is from those outside the military &'' not the people who work with me.&'8221; Mr Trump said his decision was based on consultation with his generals, but there has been a mixed reaction. Former Defence Secretary Ash Carter, who lifted the ban last year under President Obama, said: &'8220;To choose service members on other grounds than military qualifications is social policy and has no place in our military.&'8221; Chairman of the Senate Armed Services Committee, Republican John McCain, said major policy announcements should not be made via Twitter. &'8220;Any American who meets current medical and readiness standards should be allowed to continue serving,&'8221; he added. Several British military generals also condemned Mr Trump's decision, including the commander of the UK Maritime Forces, Rear Admiral Alex Burton, who said &'8220;I am so glad we are not going this way.&'8221; &'8220;Each dollar needs to be spent to address threats facing our nation,&'8221; Congresswoman Vicky Hartzler, a long-time opponent of the Obama administration's position, said in a statement. &'8220;The costs incurred by funding transgender surgeries and the required additional care it demands should not be the focus of our military resources,&'8221; she said. Trump supporter and political commentator Scott Presler is among those who disagree with the military carrying the cost of such interventions. While disagreeing with the ban, he added that &'8220;generals know more about war than I do.&'8221; &'8220;I don't think this is an attack on the LGBT community &' I'm mixed, but I have confidence in the guidance that President [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJul 27th, 2017

Lepanto plans P1.75 B stock rights offering

MANILA, Philippines - Lepanto Consolidated Mining Co......»»

Category: financeSource:  philstarRelated NewsJul 18th, 2017

SBS planning P5-b stock rights offering

SBS planning P5-b stock rights offering.....»»

Category: financeSource:  thestandardRelated NewsJun 13th, 2017

EastWest Bank eyes stock rights offering

MANILA, Philippines - East West Banking Corp., the listed banking arm of the Gotianun family is looking to conduct a stock rights offering in line with raisi.....»»

Category: financeSource:  philstarRelated NewsMay 1st, 2017

China Bank sets terms of P15 billion rights offer

MANILA, Philippines -  China Banking Corp. has finalized the terms of its P15 billion stock rights offering set to kick off this month......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2017

Corporate regulator approves Wilcon's IPO application

WILCON Depot, Inc. has secured regulatory approval to proceed with its initial public offering (IPO) next month, swinging the stock market's doors open to more companies seeking to go public......»»

Category: newsSource:  bworldonlineRelated NewsFeb 23rd, 2017
Category: newsSource:  manila_shimbunRelated NewsJan 31st, 2017

Investors swarm BDO's largest stock rights offering

Investors swarm BDO's largest stock rights offering.....»»

Category: newsSource:  rapplerRelated NewsJan 31st, 2017

Finance: BDO raises P60 billion for capital buildup via stock rights offering

SY-LED BDO Unibank, Inc. (BDO) was able to raise P60 billion as planned from its stock rights offer after offshore and domestic players swarmed the bank's shares......»»

Category: financeSource:  bworldonlineRelated NewsJan 26th, 2017

English Articles

Stocks lose ground; BDO raising P60B through stock rights offering.....»»

Category: newsSource:  manila_shimbunRelated NewsDec 19th, 2016

Bourse okays BDO’s stock rights offering

Bourse okays BDO’s stock rights offering.....»»

Category: financeSource:  thestandardRelated NewsDec 16th, 2016