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Biz Buzz: Countdown to delisting

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The notice hasn’t been officially served, but the board of the Philippine Stock Exchange has made a decision in a meeting on Wednesday to delist Alphaland Corp., the property development arm of former Trade Minister Roberto V. Ongpin, aka “RVO,” from the bourse.

Posted: August 15th, 2014 in Columnists,Inquirer Columns | Read More »

Group questions Ongpin-Ashmore deal

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SCREENGRAB from www.alphaland.com.ph

The estranged partner of Alphaland Corp. in the Alphaland Bay City (ABC) project has questioned the inclusion of the former’s stake in this venture as part of a settlement deal between the property development group led by businessman Roberto V. Ongpin and British fund Ashmore.

Posted: June 27th, 2014 in Headlines,Latest Business Stories | Read More »

Recto quits Alphaland

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Following the partition of Alphaland Corp.’s assets as a settlement of a dispute between businessman Roberto V. Ongpin (RVO) and British fund Ashmore, RVO’s nephew Eric Recto—who is now the new local partner of Ashmore in its property and banking interests in the Philippines—has expectedly quit as board member of Alphaland.

Posted: June 25th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Ongpin group ends row with Ashmore over Alphaland Corp.

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ALPHALAND Tower on Ayala Avenue. FILE PHOTO

The group of former Trade Minister Roberto V. Ongpin has ended its squabble with British fund Ashmore by giving up some assets in exchange for its exit as shareholder in local property firm Alphaland Corp.

Posted: June 6th, 2014 in Latest Business Stories | Read More »

Alphaland takes in new investors

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Alphaland Tower on Ayala Avenue in Makati. The upscale property developer Alphaland Corp. has firmed up a stock rights offering to minority shareholders, citing the need to protect them from dilution following a recent capital call.

While battling a delisting move by the Philippine Stock Exchange, Alphaland Corp. has taken in new foreign investors to widen the company’s public float to meet the minimum 10 percent requirement.

Posted: April 8th, 2014 in Latest Business Stories | Read More »

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