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Lucio Co-led Cosco Capital sets $500-M equity offering

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Lucio Co. FILE PHOTO

Cosco Capital, the conglomerate led by grocery and logistics magnate Lucio Co, is planning a follow-on equity offering worth as much as $500 million to attain a twin goal of widening its public float and boosting funds for expansion.

Posted: May 7th, 2013 in Latest Business Stories | 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 »

Lucio Co firm goes by a new name

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Businessman Lucio Co has moved to cement his status as one of the country’s top tycoons with the creation of a holding firm that will take over his group’s $1.82 billion in assets in different sectors.

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

Biz Buzz: Win or lose

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The sharp rise of JG Summit shares in the last two days (up 9 percent), according to some stock pundits, may be related to the unfolding Okada casino payoff story.

Posted: November 21st, 2012 in Headlines | Read More »

Holding firm may transform into backdoor listing vehicle

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Holding firm Southeast Asia Cement Holdings Inc. (Seacem) is reviewing its options to transform itself into a backdoor listing vehicle after completing a share buyback that widened the public float of subsidiary Lafarge Republic Inc. (LRI) but reduced its own public ownership.

Posted: November 19th, 2012 in Latest Business Stories | Read More »

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