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GT Capital acquires Toyota dealer stake

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Tycoon George Ty-led conglomerate GT Capital Holdings Inc. has completed the takeover of a 60-percent direct stake in car dealership unit Toyota Manila Bay Corp. (TMBC).

Posted: March 6th, 2014 in Latest Business Stories | Read More »

GT Capital acquires 40.7% of Toyota dealership

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Tycoon George Ty-led conglomerate GT Capital Holdings Inc. has acquired 40.7 percent of car dealership unit Toyota Manila Bay Corp. (TMBC) and intends to further increase its direct ownership of the company to 60 percent early next year.   The initial stake was bought for P502.25 million from investment banking unit First Metro Investment Corp. [...]

Posted: December 19th, 2013 in Headlines | Read More »

GT Capital income up 44% to P7.7B

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FILE PHOTO

GT Capital Holdings Inc., the holding company of tycoon George S.K. Ty, said profit during the nine months through September jumped 44 percent to P7.7 billion due to higher contributions from units, its increased exposure in its automotive and power generation companies, and a nonrecurring gain.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

Ty’s GT Capital shelves IPO plans for power unit

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Taipan George Ty’s investment holding firm, GT Capital Holdings Inc., is shelving for the “medium term” plans to take its power subsidiary, Global Business Power Corp., public after the latter took in two new investors over the last four months.

Posted: October 20th, 2013 in Headlines | Read More »

GT Capital infusing P1.1B in equity into Federal Land

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Conglomerate GT Capital Holdings is infusing P1.1 billion in fresh equity into wholly-owned Federal Land Inc. to position the property arm for further growth amid a fast expanding domestic economy.

Posted: July 15th, 2013 in Headlines | Read More »

GT Capital jacks up stake in PH unit of Toyota

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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.

Posted: January 17th, 2013 in Latest Business Stories | Read More »

GTCap sells P14.3B in shares

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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.

Posted: January 10th, 2013 in Latest Business Stories | Read More »

GT Capital taps debt market to raise P9B

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GT Capital Holdings of the Ty family plans to raise P9 billion in fresh funds for expansion through the domestic debt market.

Posted: November 8th, 2012 in Latest Business Stories | Read More »

Metrobank sells Toyota stake to parent firm

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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.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

George Ty-led GT Capital raises stake in Global Business Power to 51%

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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.

Posted: September 13th, 2012 in Latest Business Stories | Read More »

GT Capital eyes energy projects for power unit

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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.

Posted: August 20th, 2012 in Headlines | Read More »

GT Capital investing P20B in 2 power plants in Visayas

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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.

Posted: July 12th, 2012 in Headlines | Read More »

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