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China Bank prices rights offering at P49.50

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Screengrab from www.chinabank.ph

China Banking Corp., which is part of the SM group, has firmed up an P8-billion stock rights offering, its first capital-raising initiative of this kind in nearly two decades, at a price of P49.50 per share.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

BPI one of Asia’s best capitalized banks, says Moody’s

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Ayala-led Bank of the Philippine Islands (BPI) is now one of Asia’s best capitalized banks following the unprecedented amount of fresh cash it raised from its stock rights offering this week.

Posted: February 7th, 2014 in Headlines | Read More »

Alphaland firms up stock rights offering

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Alphaland Tower on Ayala Avenue in Makati. The upscale property developer Alphaland Corp. has firmed up a stock rights offering to minority shareholders, citing the need to protect them from dilution following a recent capital call.

The capital call allowed the group of former Trade Minister Roberto V. Ongpin to take control of the company and consequently dilute the stake held by British fund Ashmore.

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

PSE okays large rights offering of BPI, PNB

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pse-logo

The Philippine Stock Exchange has approved capital-raising activities of two big banks through stock rights offering early next year: P25 billion for Bank of the Philippine Islands and P15 billion for Philippine National Bank.

Posted: December 18th, 2013 in Latest Business Stories | Read More »

Philex preps P13.8B stock rights offer

ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

Philex Mining Corp. is offering P13.8 billion worth of shares in a stock rights offering to fund mining projects and pay loans.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Trans-Asia raises P1.63B from stock rights offering

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Phinma-led Trans-Asia Oil and Energy Development Corp. was able to raise P1.63 billion from the stock rights offering it concluded last week.

Posted: November 26th, 2012 in Headlines | Read More »

Megaworld to fully back Empire East’s P2.6B stock rights offering

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megaworld

Tycoon Andrew Tan-led Megaworld Corp. has committed to provide financial muscle to a P2.6-billion stock rights offering by its subsidiary Empire East Land Holdings Inc. (ELI), the unit tapped for a residential property venture with the Okada group in Pagcor City.

Posted: July 18th, 2012 in Latest Business Stories | Read More »

BDO doubles core capital with $1B equity deal

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bdo

Banco de Oro Unibank has completed a landmark $1-billion stock rights offering that will double its core or tier 1 capital, positioning tycoon Henry Sy’s banking arm for further growth amid a regime of more stringent capital adequacy requirements.

Posted: July 2nd, 2012 in Latest Business Stories | Read More »

$1B stock rights offering of BDO gets bourse nod

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BDO Unibank Inc. has secured the go-ahead for its $1-billion stock rights offering as the company bolsters its capital base in preparation for its aggressive expansion.

Posted: May 28th, 2012 in Editor's Pick,Headlines | Read More »

PSEi slumps sharply, led by BDO, SM

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The local stock index slumped sharply on Tuesday, weighed down by tycoon Henry Sy-led companies after the group’s banking arm Banco de Oro announced a hefty $1-billion stock rights offering.

Posted: April 3rd, 2012 in Latest Business Stories | Read More »

Trans-Asia eyes stocks rights offering to double capital stock to P8.4B

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The board of directors of the Phinma-led Trans-Asia Oil and Energy Development Corp. approved on Monday an increase in the company’s authorized capital stock to P8.4 billion from P4.2 billion.

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

PSE approves tuna firm’s P272-M rights offering

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The Philippine Stock Exchange has approved a P272-million stock rights offering by Alliance Select Foods International Inc., which is raising fresh equity to acquire Massachusetts-based salmon smoking and curing firm Spence & Co. Ltd.

Posted: June 10th, 2011 in Latest Business Stories | Read More »

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