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Biz Buzz: Manila Bulletin rally

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The demise of the head of a listed company is usually followed by uncertainty over the firm’s future direction which, in turn, leads of investors selling of the company’s stock.

Posted: April 11th, 2014 in Headlines | Read More »

Lucio Tan consolidates control of Victorias

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Lucio Tan.  INQUIRER FILE PHOTO

The group of tycoon Lucio Tan has moved to increase its holdings in Victorias Milling Corp. in a move that is seen to be in line with a strategy to consolidate control of the country’s larges sugar milling company. The group already has management control of the sugar company.

Posted: April 8th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Sugar showdown

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The group of businessman Manuel V. Pangilinan was seen in a huddle with folks from the Ty-led Metrobank group at the Meralco office in Ortigas sometime last week. It’s no longer a secret, of course, that MVP’s group is interested in the country’s largest sugar firm Victorias Milling Corp. and may soon gain a foothold beginning with the small but significant stake held by the Metrobank group.

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

MVP camp seen buying into Victorias Milling

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The group of businessman Manuel V. Pangilinan is keen on scaling up its interest in the local sugar industry by seeking a foothold in the country’s biggest sugar firm, Victorias Milling Corp.

Posted: April 3rd, 2014 in Headlines | Read More »

Victorias Milling plans diversification

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victoria-milling

Sugar firm Victorias Milling Corp. plans to diversify into allied businesses to strengthen operations ahead of a low-tariff regime under the Asean Free Trade Area (Afta) by 2015.

Posted: February 11th, 2013 in Latest Business Stories | Read More »

Premier Network buys into Victorias Milling

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British Virgin Island-based firm Premier Network International Ltd. has acquired a 24-percent stake in Victorias Milling Corp., becoming the sugar firm’s single largest stockholder.

Posted: January 8th, 2013 in Headlines | Read More »

Sweet sale

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The single biggest stockholder of Victorias Milling Corp. unloaded its 24-percent interest in the sugar firm last Friday, possibly cashing out ahead of further tariff cuts under the Asean Free Trade Agreement (Afta). No, it’s not the Lucio Tan group but a foreign fund named CVI GVF Lux Masters, which has a more substantial (compared [...]

Posted: December 25th, 2012 in Columnists | Read More »

After trade hiatus, Victorias Milling stocks fly

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Shares of Victorias Milling Corp. soared by 931 percent on Monday after the Philippine Stock Exchange lifted a 15-year trading suspension on the local sugar giant.

Posted: May 21st, 2012 in Editor's Pick,Headlines | Read More »

Victorias shares resume trading on local exchange

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victoria-milling

Shares of Victorias Milling Corp. will resume trading on the Philippine Stock Exchange on Monday, May 21, ending the lack of liquidity seen since the Asian currency crisis of 1997 when the local sugar giant sought debt relief from creditors.

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

Victorias wants to renegotiate loan terms with creditors

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Sugar miller Victorias Milling Corp. seeks to renegotiate the terms of its rehabilitation plan with creditor banks, aiming to slash P5.86 billion in its remaining debt faster than originally envisioned given the sharp decline in interest rates over the years.

Posted: May 8th, 2012 in Headlines | Read More »

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