JGS, FDC and consortium members finalised stake in LIPAD: JGS, FDC, Phil. Airport Ground Support Solutions (PAGSS) & Changi Airports Phis. Pte Ltd. (CAP) signed a Shareholders’ Agreement covering ownership in Luzon International Premiere Airport Dev’t. Corp. (LIPAD). LIPAD is the special purpose vehicle (SPV) formed by North Luzon Airport Consortium comprised of FDC, JGS, PAGSS & CAP for management, operations & maintenance of Clark Int’l. Airport. FDC will hold 42.5%, JGS at 33%, CAP 15% & PAGSS at 9.5% in LIPAD.
SEC cleared FGEN unit, EDC’s P15bn fixed-rate ASEAN green bonds: EDC plans to offer up to P3bn, 3-year bonds due 2024, and 5-year bonds due 2026, with oversubscription option of up to P2bn. Proceeds will finance capex that includes the 29MW Palayan Bayan Binary project, among others.
CLI to turnover Cebu IT Park project 4Q21: CLI & partner El Camino Developers, Inc. topped-off its P3.5bn, 38-storey high-end tower, 38 Park Avenue, in Cebu IT Park. Sales value is P5.5bn, & 96% sold. Turnover target is 4Q21 for 764 units. 38 Park Avenue feature a Sky Club on the 26th & 28th floors.
MWIDE undertakes PHirst Park precast project in Batangas: MWIDE expanded its precast order book with PHirst Park Homes for 1,974 housing units in Batulao, Nasugbu, Batangas. MWIDE’s precast technology allows for faster turnaround, less manual labor & lower long-term cost.
Ex-date 10 Jun. 2021: PNX3B P2.027, payable 18 Jun. PPC P0.12, payable 06 Jul. FNI P0.10, payable 09 Jul.