San Miguel Brewery wants shares delisted by May 15
By Doris C. Dumlao
San Miguel Brewery has requested to be stricken off the roster of the Philippine Stock Exchange, effective May 15.
San Miguel Brewery has requested to be stricken off the roster of the Philippine Stock Exchange, effective May 15.
Lucio Tan’s Asia Brewery Inc. expects a healthy growth in revenue as it looks to tap new markets throughout Asia-Pacific for its popular brands.
Heineken on Friday secured a Singapore group’s approval for its takeover of the Tiger Beer brand, boosting the Dutch giant’s share of the Asian market after a high-stakes tussle with a Thai rival.
Asahi Breweries of Japan is in talks with the Lucio Tan group on a strategic partnership in the beverage business, beginning with the distribution of premium beer and possibly expanding into manufacturing and even an investment in Asia Brewery.
San Miguel Corp. on Tuesday said it may take private its flagship beer business—one of the biggest listed firms on the local bourse—if its Japanese partner is unwilling to sell more shares for the firm to meet the minimum float requirement of the Philippine Stock Exchange.
Leading beer-maker San Miguel Brewery has obtained a triple-A credit rating from credit watcher from Philippine Rating Services Corp. on its upcoming P20-billion retail bond offering.
