Cosmos to delist from local stock exchange
By Doris C. Dumlao
Softdrinks manufacturer Cosmos Bottling Corp. is finally to delist from the Philippine Stock Exchange, five years after trading in its shares was suspended.
Softdrinks manufacturer Cosmos Bottling Corp. is finally to delist from the Philippine Stock Exchange, five years after trading in its shares was suspended.
Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) grew its net income last year by 192 percent to P844 million on the back of a double-digit growth in volume and softer sugar prices.
San Miguel Brewery has requested to be stricken off the roster of the Philippine Stock Exchange, effective May 15.
The Philippine maker of American soft drink RC Cola is making plans to debut on the local stock exchange to fund a regional expansion program.
Emperador Distillers Inc., the liquor manufacturing arm of tycoon Andrew Tan, expects to double its sales volume in five years and become a dominant global brandy producer.
D&L Industries, a producer of ingredients and other inputs for food and plastic products, has set its initial public offering at a price of P4.30 per share, or at the middle of the indicative price range.
Pepsi-Cola Products Philippines Inc. has bagged a deal with property developer Robinsons Land Corp. to exclusively supply beverage to the latter’s food courts and cinemas in shopping malls across the country.
San Miguel Corp. has completed a landmark P80-billion capital-raising activity after a month-long sale of preferred shares that targeted retail investors seeking higher yields in a low-interest rate environment.
Gokongwei-led food and beverage conglomerate Universal Robina Corp. is taking full control of its overseas operating unit, URC International Co. (URCI) Ltd., by buying the 23-percent stake held by another firm for P7.2 billion.
Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) grew its six-month profit by 436 percent year on year to P578 million, as sales expanded while softer sugar prices tempered input costs.
San Miguel Corp. plans to complete a landmark P80-billion offering of preferred stocks by September, from which some proceeds will be used to redeem non-voting preferred shares held by the government.
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.
