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PSE approves listing of GSIS-owned Alternergy preferred shares

Alternergy disclosed that the PSE has approved its application to list the 100 million preferred shares that it sold to the Government Service Insurance System at a price of P14.50/share......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue

Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

SP New Energy suspension lifted after Solar Philippines donates another 220 million SPNEC shares

The PSE lifted the suspension that had affected SP New Energy shares since January 26 after SPNEC said that Solar Philippines Power Project Holdings Inc. had donated 220 million SPNEC shares to Asia Pacific Institute for Green Development on January 24, and that the donation had increased SPNEC’s public float [link] back above the 20% minimum threshold for active trading......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

REDC anchor investor buys secondary share stake

This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

3 stand-alone books that may help fix your ‘reading slump’

CEBU CITY, Philippines – You may not be the only one with stacks of unwrapped books just lurking in the corner, waiting for you to lay your eyes on them. You may have enjoyed reading during your childhood or teen years, but somehow lost that spark as life progressed, finding yourself stuck in a slump.....»»

Category: newsSource:  inquirerRelated NewsApr 23rd, 2024

Bargain hunting ends 2-day slump

The stock market broke out of its two-day slump yesterday as bargain hunters buoyed share prices......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

Cebu Landmasters FOO approved by the PSE

Cebu Landmasters had its follow-on offering of preferred shares approved by the PSE......»»

Category: financeSource:  philstarRelated NewsMar 14th, 2024

A Brown Company prefs follow-on offering approved by the PSE

The A Brown Company preferred shares follow-on offering was approved by the PSE......»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2024

Century Properties P4-B prefs sale approved by PSE

Century Properties had its follow-on offering of preferred shares approved by the PSE......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Boulevard Holdings sells 1.5-B shares to ownership group

Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

SM Investments buys 28.79% stake in CREIT for P5-B

SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

PLDT buys 35% of Meralco unit

Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Phoenix lacks the retained earnings to pay PNX4 and PNX3B divs

The PSE sought an update from Dennis Uy’s Phoenix Petroleum on the non-payment of dividends to shareholders of its PNX4 preferred shares and PNX3B preferred shares......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

PSE has until 2025 to spend money it raised in 2018

The PSE disclosed that its board of directors voted to approve an extension of the timeline for its disbursement of the P2.8 billion in net proceeds that it raised through a 2018 stock rights offering......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Recto urges PSE to work with government in transforming PH capital market

Recto urges PSE to work with government in transforming PH capital market.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

Metro Global given 6 months to avoid involuntary delisting

The PSE gave notice to Metro Global Holdingsthat it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

SP New Energy suspended again for public float violation

SP New Energy was suspended at the close of trading on Friday by the PSE after a block sale pushed SPNEC’s public float down to 19.57%, below the PSE’s minimum public float requirement of 20%......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Abacus Securities thinks SM REIT and Prime Infra IPOs will be delayed and that GCash IPO will happen overseas

Nicky Franco, head of research for Abacus Securities, said that the SM REIT and Prime Infrastructure mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

ALI to buy back more shares

Property giant Ayala Land Inc. plans to continue buying back shares to boost its share price, which the company believes has been trading at a steep discount......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

MRC Allied buys 31% stake in Rappler

MRC Allied disclosed that it has agreed to purchase the entirety of Dolphin Fire Group’s 31.2% interest in Rappler Holdings Corp, which is the parent company of the Rappler news company......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024