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UCPB vows transparent bidding process

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SCREENGRAB from www.ucpb.com

United Coconut Planters Bank has vowed to pursue an “open” and “transparent” process in selecting a strategic investor as it finalizes the terms and conditions for a recapitalization program that has now attracted a number of potential investors.

Posted: June 11th, 2014 in Latest Business Stories | Read More »

SMC to take new investors in banking, power

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PAL president Ramon S. Ang: Turnaround.  AP FILE PHOTO

Conglomerate San Miguel Corp. plans to take in new strategic investors for its banking and power-generation units as it pursues a diversification program that includes forays into infrastructure and heavy industry.

Posted: July 12th, 2013 in Latest Business Stories | Read More »

Bank of Commerce sale to CIMB falls on real estate issues

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In a disclosure to the stock exchange Bursa Malaysia dated June 21, CIMB Group Holdings said the bank would no longer push through with the purchase of a 59.98-percent interest in the Bank of Commerce.  PHOTO FROM CIMB’S FACEBOOK ACCOUNT

The sale of Bank of Commerce by conglomerate San Miguel Corp. (SMC) to Malaysian banking giant CIMB has been officially called off due to unresolved issues on real estate ownership.

Posted: June 24th, 2013 in Latest Business Stories | Read More »

SMC sells BoC stake to CIMB for P12.2B

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Conglomerate San Miguel Corp. has finalized a P12.2-billion deal to sell a controlling stake in Bank of Commerce to Malaysian banking giant CIMB, after resolving property ownership-related snags that had delayed the closing of the deal.

Posted: June 12th, 2013 in Editor's Pick,Headlines | Read More »

Malaysian bid to buy PH bank snagged

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PAL president Ramon S. Ang: Turnaround.  AP FILE PHOTO

Malaysian banking giant CIMB’s bid to acquire Bank of Commerce has hit a snag and seller San Miguel Corp. is willing to walk away from the P12.2-billion deal if this is not resolved soon.

Posted: May 13th, 2013 in Editor's Pick,Headlines | Read More »

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