SMC brewery unit to delist on May 15
By Doris C. DumlaoBeer-maker San Miguel Brewery has requested to be stricken off the roster of the Philippine Stock Exchange effective May 15 this year.
Beer-maker San Miguel Brewery has requested to be stricken off the roster of the Philippine Stock Exchange effective May 15 this year.
Diversifying conglomerate San Miguel is delisting flagship San Miguel Brewery Inc. from the local stock market and buying back minority shares at P20 per share.
With two weeks to go before the ultimate deadline, 19 listed companies are still below the 10-percent minimum public ownership required for continued listing on the Philippine Stock Exchange.
Big things usually start small, and nowhere is this adage more apt than in a tiny seed that, when cared for properly, grows into a tree that provides shelter, food, and a host of other benefits that make such an immeasurable impact on our lives, and that of future generations’.
San Miguel Corp. on Tuesday said it may take private its flagship beer business—one of the biggest listed firms on the local bourse—if its Japanese partner is unwilling to sell more shares for the firm to meet the minimum float requirement of the Philippine Stock Exchange.
Beer-maker San Miguel Brewery listed on Monday P17 billion worth of long-term retail bonds on the fixed income exchange Philippine Dealing and Exchange Corp. (PDEx).
Beer-maker SAN Miguel Brewery listed on Monday P17 billion worth of long-term retail bonds on fixed income exchange Philippine Dealing & Exchange Corp. (PDEx).
The Securities and Exchange Commission on Thursday approved three major fund-raising activities by major corporations GT Capital Holdings Inc., San Miguel Brewery Inc. and East West Bank worth more than P50 billion.
Local beer giant San Miguel Brewery Inc. has returned to the local retail bond market for the first time in three years, raising P20 billion from the sale of long-term fixed-rate bonds.
Leading beer-maker San Miguel Brewery has obtained a triple-A credit rating from credit watcher from Philippine Rating Services Corp. on its upcoming P20-billion retail bond offering.
San Miguel Brewery Inc., the beer unit of conglomerate San Miguel Corp., grew its net profit last year by 17.4 percent to P12.2 billion on the back of higher volume and selling prices.
San Miguel Brewery Inc. has begun seeking approval from bondholders to amend the terms of its P38.8-billion bonds, citing the need to strengthen investor protection, align with global credit rating debt metrics and make room for more efficient use of resources.
