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Aboitiz eyes P2.7B in sale of treasury shares

Screengrab from www.aboitiz.com

Power and banking conglomerate Aboitiz Equity Ventures Inc. is raising more funds through the sale of up to 50 million treasury shares to bolster its cash reserves.

Posted: August 30th, 2014 in Headlines,Latest Business Stories | Read More »

Sale of foreclosed assets nets P118M for PDIC

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The state deposit insurer has raised over P100 million from the sale of foreclosed assets, which will help it fund payouts of claims of depositors who have lost money due to the closure of mismanaged lenders.

Posted: July 5th, 2014 in Headlines | Read More »

BCDA set to bid out 5,000-square-meter lot in Bonifacio South

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Bonifacio Global City. AFP/JAY DIRECTO

The state-run Bases Conversion and Development Authority (BCDA) is set to bid out this month a prime 5,000 square-meter lot at the Bonifacio South area, as part of the government’s asset disposition program.

Posted: May 2nd, 2014 in Latest Business Stories | Read More »

Greenergy sells 60% stake in RE firm for P400M

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greenergy

Publicly listed Greenergy Holdings Inc. has sold its 60-percent stake in renewable energy developer Biomass Holdings Inc. for P400 million.

Posted: April 4th, 2014 in Latest Business Stories | Read More »

Chemphil sale of LMG stake gets court green light

chemphil

The Makati Regional Trial Court has cleared the legal hurdle to Chemical Industries of the Philippines Inc.’s (CIP) sale of a 66 percent stake in subsidiary LMG Chemicals Corp. by quashing the petition of a dissenting shareholder bloc.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

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