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Yao-led Macay Holdings eyes P1B from sale of new shares

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Alfredo Yao. PHOTO BY LYN RILLON

Macay Holdings Inc., which is led by businessman Alfredo Yao, has firmed up a plan to raise about P1 billion in fresh capital from the sale of new shares to existing shareholders.

Posted: October 16th, 2014 in Latest Business Stories | Read More »

PSE okays large rights offering of BPI, PNB

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pse-logo

The Philippine Stock Exchange has approved capital-raising activities of two big banks through stock rights offering early next year: P25 billion for Bank of the Philippine Islands and P15 billion for Philippine National Bank.

Posted: December 18th, 2013 in Latest Business Stories | Read More »

Funds raised through PSE seen to hit P200B

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The Philippine Stock Exchange expects capital raising to reach P200 billion this year, replicating last year’s record-high level, as good valuations are seen to encourage more companies to raise fresh equity.
To date, seven to 10 companies are scheduled to conduct either an initial public offering or listing by introduction, PSE president Hans Sicat said during the Philippine Investment Forum on Tuesday.

Posted: March 13th, 2013 in Headlines | Read More »

RCBC pursues $100M equity deal

Rizal Commercial Banking Corp. is continuing its capital build-up program by selling at least $100 million worth of equity through a top-up offering.

Posted: March 7th, 2013 in Headlines | Read More »

Net foreign buying surges

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The local stock market attracted P109.98 billion in net foreign buying last year, nearly double the P56.52 billion a year ago, as the Philippine economy outperformed expectations despite global economic uncertainties.

Posted: January 3rd, 2013 in Editor's Pick,Headlines | Read More »

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