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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 »

Maybank ATRKimEng complies with 10% minimum public float rule

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maybank_atr_kim_eng

Financial services group Maybank ATR KimEng Financial Corp. (MATRKE) has boosted its public ownership to 10.25 percent from 0.89 percent, thus complying with the minimum public float required to remain listed on the Philippine Stock Exchange.

Posted: December 27th, 2012 in Latest Business Stories | Read More »

Biz Buzz: Gokongwei-Okada deal is imminent

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A deal between the business group of tycoon John Gokongwei Jr. and Japanese businessman Kazuo Okada is imminent and a preliminary deal may be signed “in a few days,” a reliable source tells Biz Buzz.

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

About face on public float rule

The clock is ticking on the order issued by the Bureau of Internal Revenue in 2010 directing companies listed on the Philippine Stock Exchange to comply with the minimum public ownership requirement, or public float, by the end of the year.

Posted: November 9th, 2012 in Columnists,Featured Columns,Headlines,Inquirer Columns | Read More »

Seacem to sell shares in Lafarge

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Cement manufacturing holding firm Southeast Asia Cement Holdings Inc. plans to trim its stake in Lafarge Republic Inc.—whether through a property dividend, share swap or other available options—to allow the latter to shore up its public float.

Posted: September 1st, 2012 in Headlines | Read More »

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