Monde Nissin places the initial public offering price at P13.50

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Following advice from its banking partners, MONDE Nissin Corp. has set the final price of its initial public offering at P13.50, approximately 23 percent lower than the P17.50 cap...

PH Resorts signs letter of intent with Japanese junket operator

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PH RESORTS Group Holdings, Inc. has signed a letter of intent (LOI) with potential junket operator ASKI Japan Ltd. for the company's Emerald Bay integrated resort in Mactan, Cebu.

Monde Nissin gets investor commitments for $1-B IPO at 13.50/share

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In what will become the country's largest IPO, three sources familiar with the matter told Reuters on Wednesday, Philippine food producer Monde Nissin Corp won investors commitments for an...

ACEN’s FOO to finance RE projects

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AYALA-LED AC Energy Corp. announced on Wednesday that the proceeds from its follow-on sale would be used to partially finance its proposed renewable energy (RE) programs.

Century Pacific sees a 24 percent increase in profits, owing to increased exports

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The company said on Wednesday, citing a resumption of international markets in order to improve its export industry, that CENTURY Pacific Food, Inc. (CNPF) reported a growth of 25...

Tan’s LT Group allocates almost P10B to Capex

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LUCIO C. Tan's LT Group, Inc. (LTG) is allocating P9.7 billion for capital expenses (capex) this year, almost double the previous year's budget of P5 billion, while the organization...

MPIC’s net profits has almost quadrupled to P7 billion

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METRO Pacific Investments Corp. (MPIC) posted a 272.06 percent growth in first-quarter attributable net income due to the selling of its stakes in a power producer and a toll...

MPIC and Meralco are stepping up their environmental efforts

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METRO Pacific Investments Corp. (MPIC) and its subsidiary Manila Electric Co. (Meralco) are broadening their environmental goals, which include adhering to global norms and transitioning to renewable energy.

Megawide and JV partners ink P2.9 billion Malolos-Clark railway agreement

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MEGAWIDE Construction Corp. reported on Tuesday that it has recently concluded a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply...

As a result of the pandemic, EEI suffers a total loss of P2 billion

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EEI Corp. suffered an attributable net loss of P2.05 billion in 2020, compared to a profit of P1.16 billion the previous year, due to reduced earnings from contracts during...

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