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


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


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


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


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


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 »

Metro Pacific unit sets up ADR system


Infrastructure holding firm Metro Pacific Investments Corp. has set up an American depositary receipt (ADR) system in a bid to increase its visibility and name recognition in the investor community in the United States.

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

Tanduay to sell 3B shares to widen public float


Tanduay Holdings Inc., which is being groomed as the umbrella firm of the Lucio Tan group, plans to sell up to 3 billion shares to the overseas market via a top-up placement as part of plans to widen its public float.

Posted: August 9th, 2012 in Headlines | Read More »

MPIC raises ’12 profit goal


Infrastructure holding firm Metro Pacific Investments Corp. has upgraded its core net profit guidance for the year to P6.3 billion from P6 billion to factor in strong first-semester results.

Posted: August 9th, 2012 in Headlines | Read More »

Roxas Holdings profit hits P751M

Roxas Holdings  Inc.

Leading sugar producer Roxas Holdings Inc. posted a net profit of P751 million from October 2011 to June this year, the first nine months of its fiscal year, reversing the net loss incurred in the same period a year ago.

Posted: August 9th, 2012 in Latest Business Stories | Read More »

Lucio Tan consolidates assets into Tanduay

Tanduay Holdings president Michael Tan. PHOTO FROM LUXURYMANILA.COM

Tycoon Lucio Tan is consolidating all his major businesses—liquor, airline, cigarette manufacturing, real estate and banking—into a single publicly listed holding firm with an estimated asset pool of P200 billion and will be headed by son and heir-apparent Michael Tan.

Posted: August 1st, 2012 in Editor's Pick,Headlines | Read More »

Metro Pacific gets green light to build up capital to P30B


Metro Pacific Investments Corp., an infrastructure holding firm led by businessman Manuel V. Pangilinan, has obtained authority from regulators to beef up its capital to P30.05 billion from P24.24 billion.

Posted: June 2nd, 2011 in Latest Business Stories | Read More »



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