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GT Capital earnings slowed in 1st quarter

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GT Capital Holdings Inc. of tycoon George Ty saw a 57.5-percent decline in its first-quarter net profit to P1.7 billion due to the slowdown in the earnings of its banking, insurance and power-generation businesses.

Posted: May 16th, 2014 in Headlines | Read More »

GT Capital acquires Toyota dealer stake

AP FILE PHOTO

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 »

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