GT Capital Holdings has entered into a deal to buy an additional 15-percent stake in Toyota Motor Philippines from banking arm Metropolitan Bank and Trust Co. for P4.5 billion, securing majority control of the car firm.
Taipan George Ty-led GT Capital Holdings Inc. sold P14.3 billion worth of shares to offshore institutional investors via private placement, making history for completing the largest ever overnight equity deal in the country.
GT Capital Holdings of the Ty family plans to raise P9 billion in fresh funds for expansion through the domestic debt market.
Local banking giant Metropolitan Bank and Trust Co. is selling its 30-percent stake in Toyota Motor Philippines to parent conglomerate GT Capital Holdings for P9 billion.
Tycoon George Ty’s GT Capital Holdings Inc. acquired on Wednesday a total of 66.15 million shares of the Global Business Power Corp. (GBPC), worth an estimated P2.32 billion.
Newly listed GT Capital Holdings Inc. is studying opportunities in renewable energy for power generation unit Global Business Power within the framework of a newly approved feed-in-tariff (FIT) regime.
Newly listed GT Capital Holdings, through its power generation unit, will invest P20 billion in two new power plants in the Visayas with combined capacity of 164 megawatts.
Taipan George Ty-led GT Capital Holdings has acquired an additional 20-percent block to take full control of property subsidiary Federal Land Inc. for P2.7 billion.
Tycoon George Ty’s GT Capital Holdings Inc. on Wednesday exercised its option to acquire 25.52 million common shares of stock of Global Business Power Corp., worth an estimated P893 million.
GT Capital Holdings on Tuesday announced that it would sell shares to the public at P455 apiece, pricing the Philippines’ first initial public offering for 2012 at the middle of the targeted price range, for a stock market debut worth up to P21.6 billion.
The P22.3-billion stock debut of taipan George Ty’s GT Capital Holdings is being warmly received by overseas investors, with the order book already filled right at the beginning of a six-city international road show.
Eight months after the renegotiation of a new contract for the operation and management of the country’s longest expressway, Subic-Clark-Tarlac Expressway (SCTEx), it seems that the group of businessman Manuel V. Pangilinan (aka MVP) is still nowhere close to getting Malacañang’s imprimatur. The contract has been signed last year but hasn’t taken effect in the absence of such an approval.
