ICT Rio Brasil establishes new rail unit: ICT’s Brazilian subsidiary, ICTSI Rio Brazil, has established a new rail logistics business, IRB Logistica. Beginning in July of this year, the new company will take over the terminal’s operations from Multitex Logistic.
DNL Batangas plant update, planned bond float: Following the shutdown, DNL is evaluating the completion schedule of its First Industrial Township (FIT) development in Batangas. Meanwhile, shareholders approved DNL’s intention to issue P3 billion in peso-based fixed-rate bonds, with up to P2 billion in oversubscription. The proceeds would be used to fund the company’s Batangas factory.
NOW clarifies CA affiliate report: NOW said that its affiliate, NOW Telecom (Co., Inc.), has yet to receive an alleged judgement from the Court of Appeals (CA) pertaining to a government circular on new entrants. In summary, NOW Telecom filed a petition to prevent the NTC from executing specific terms of reference for its third telco selection process. This includes P700 million in participation security, P14 billion to P24 billion in performance security, and P10 million in data security.
Ex-date 09 Jun. 2021: SPC P0.60 payable 22 Jun.