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Del Monte Pacific raises $74.5M from equity deal

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Freshly harvested bananas from the Philippines’ biggest banana producer Tagum Agricultural Development Co. in Tagum in Davao del Norte province located at Mindanao are ready for packing. The Philippines is China’s major supplier of bananas to China, among other countries. The government intends to tweak the country’s export strategy by pushing for a further penetration of the Chinese market and focusing less on electronics.  AFP PHOTO/ROMEO GACAD

Local food conglomerate Del Monte Pacific Ltd. (DMPL) has raised $74.5 million from the sale of equity in a newly incorporated subsidiary that will hold the consumer food business acquired from the US-based Del Monte Corp.

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

Ashmore execs in hot water

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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.

The management of property developer Alphaland Corp. has filed a complaint at the Securities and Exchange Commission against two executives of British fund Ashmore over their alleged misrepresentation of a 2012 equity deal.

Posted: January 23rd, 2014 in Headlines | Read More »

RFM raises P1.62 B through equity deal

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rfm

he food-and-beverage group RFM Corp. has raised P1.62 billion in fresh funds for expansion from the sale of equity via private placement.

Posted: October 4th, 2013 in Latest Business Stories | Read More »

UBS buys 2.5M more shares of Pure Foods

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European investment bank UBS AG is buying 2.5 million shares of San Miguel Pure Foods Co. Inc., exercising the “overallotment” option provided under the food company’s recent equity offering.

Posted: December 28th, 2012 in Headlines | Read More »

UBS buying shares in Purefoods

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San-Miguel-Purefoods

European investment bank UBS AG is buying 2.5 million shares of San Miguel Pure Foods Co. Inc. in exercise of the “overallotment” option provided under the food company’s recent equity offering.

Posted: December 28th, 2012 in Latest Business Stories | Read More »

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