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Max’s chain eyes P4.6B via new issue

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Leading casual dining restaurant chain Max’s Group Inc. is planning a P4.6 billion follow-on offering after its landmark consolidation with publicly listed Pancake House Inc., bringing to public hands about 30 percent of its shares.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

RCBC completes issuance of debt notes worth P3B

SCREENGRAB from www.rcbc.com

Rizal Commercial Banking Corp. has completed ahead of schedule a P3-billion fund-raising exercise through the issuance of debt notes qualifying as tier 2, or supplementary capital.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

Trans-Asia Petroleum to raise P500M from special rights offer

CIP II Power Corp., a wholly owned subsidiary of Asia Oil and Energy Development Corp., has finally begun the commercial operation of its 21-megawatt diesel-fed power plant in Bacnotan, La Union.

Trans-Asia Petroleum Corp. targets to raise as much as P500 million from the conduct of a special rights offering between the fourth quarter of this year to the first quarter of 2015, following its debut at the Philippine Stock Exchange (PSE) on Thursday.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

First Holdings to raise P6B in bank loans

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First Philippine Holdings Corp., the Lopez group’s energy and real estate holding company, plans to raise P6 billion through bank loans to finance its expansion plans, a stock exchange filing Friday showed.

Posted: August 9th, 2014 in Headlines | Read More »

PH firms out for a slice of $100M US tech venture capital

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Smart Communications Inc. is hosting group of venture capitalists led by US-based business accelerator 500 Startups that is on an investment mission in Manila, alongside IdeaSpace, Voyager Innovations Inc., Smart Developer Network and Smart Bro.

A group of venture capitalists led by US-based business accelerator 500 Startups is raising $100 million to be invested in startups around the world, the Philippines included.

Posted: July 25th, 2014 in Latest Business Stories | Read More »

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