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Max’s group not keen on backdoor listing in stock market

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FILE PHOTO

The Max’s restaurant group, now a local casual dining powerhouse with its acquisition of the Pancake House group, is lukewarm to backdoor listing on the local stock market at this time.

Posted: March 5th, 2014 in Latest Business Stories | Read More »

Follow-on offering of backdoor-listed firm gets SEC nod

The Securities and Exchange Commission has approved a plan by low-cost residential developer 8990 Holdings Inc. to sell as much as P13 billion worth of shares through a follow-on offering.

Posted: January 10th, 2014 in Headlines | Read More »

Yao infuses RC Cola assets into MAKE

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Alfredo Yao. PHOTO BY LYN RILLON

A group led by businessman Alfredo Yao has paved the way for the much-anticipated infusion of Philippine RC Cola operations into backdoor listing vehicle Maybank ATR Kim Eng Financial Corp. (MAKE).

Posted: January 2nd, 2014 in Latest Business Stories | Read More »

RC Cola to list via backdoor

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A group led by Zest-O founder Alfredo Yao is keen on undertaking a backdoor listing for RC Cola licensee Asiawide Refreshments Corp. (ACR) on the local stock exchange early next year, using the recently purchased shell company of Maybank ATR Kim Eng Financial Corp. (MAKE).

Posted: October 17th, 2013 in Headlines | Read More »

New backdoor listing rules up

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The Philippine Stock Exchange released its proposed rule-revisions for backdoor listings, with new guidelines to include a lock-up period and tighter requirements for add-on fundraising.

Posted: September 16th, 2013 in Headlines | Read More »

Emperador infusion into TSI for P13.5B set

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The group of tycoon Andrew Tan is set to infuse 100 percent of liquor unit Emperador Distillers Inc. into backdoor-listing vehicle Touch Solutions Inc. for a total consideration of P13.5 billion.

Posted: September 9th, 2013 in Headlines | Read More »

Vulcan’s transformation into retail play seen in Q1 ’14

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National Book Store, the country’s largest books and office supplies chain, is set to complete its backdoor listing via Vulcan Industrial & Mining Corp., by the first quarter of 2014, which will pave the way for Vulcan’s transition from a minerals explorer into a “pure” retail play.

Posted: May 30th, 2013 in Headlines | Read More »

Should I invest in backdoor listing?

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Q: I RECEIVED a few weeks ago some tips from my friends to buy this stock that is rarely traded in the market because a large private company is set to acquire it and use it as a vehicle for public listing. True enough, the stock price recently went up and I am wondering if I should buy some. But then I don’t know if I am buying it at right price since there is not much disclosure made about the deal. What should I do? Please advise —Bernadette Mendiola by email

Posted: May 14th, 2013 in Headlines | Read More »

TSI shareholders selling 70% stake

The controlling shareholders of Touch Solutions Inc., long speculated to be a target for backdoor-listing, have struck a deal to sell 70 percent of the information technology company to a new investor.

Posted: April 26th, 2013 in Headlines | Read More »

IP Converge turns to housing

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IP Converge Data Center is set to engage in the affordable housing business as the group that bought the publicly listed shell company plans to infuse up to P8 billion worth of assets and conduct a follow-on equity offering next year.

Posted: November 29th, 2012 in Headlines | Read More »

Holding firm may transform into backdoor listing vehicle

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lafarge-logo

Holding firm Southeast Asia Cement Holdings Inc. (Seacem) is reviewing its options to transform itself into a backdoor listing vehicle after completing a share buyback that widened the public float of subsidiary Lafarge Republic Inc. (LRI) but reduced its own public ownership.

Posted: November 19th, 2012 in Latest Business Stories | Read More »

Clan behind National Bookstore eyes backdoor listing

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National-Book-Store

The Ramos family expects to firm up within a year plans for Vulcan Industrial and Mining Corp. to be the backdoor listing vehicle for its flagship National Bookstore businesses.

Posted: November 19th, 2012 in Latest Business Stories | Read More »

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