Appelate court foils takeover attempt on PNCC

Philippine National Construction Corp. (PNCC) has fended off an attempt by businessman William Gatchalian to take control of the company after the Court of Appeals ruled that the government was correct to reject the latter’s P1.2-billion bid during PNCC’s failed privatization effort for being way below the floor price.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

HSBC sells stake in Ortigas firm for P11B

By Doris C. Dumlao

PROPERTY giant Ayala Land Inc. is hatching an alliance with the Ortigas group for the development of the latter’s vast urban landbank, coming in as a prospective strategic partner in the family’s holding company in lieu of a takeover attempt by tycoon Henry Sy.

Posted: June 29th, 2012 in Editor's Pick,Headlines | Read More »

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