Philippine Stock Exchange

PSE To Formulate Market Friendly Laws Facilitating DDS Transactions

PSE has been seeking comments and suggestions on its proposed law for transactions of DDS. The procured comments and suggestions will be evaluated while drafting the rule, aiming to reflect market demands. Comments and suggestions may be sent up to March 22.

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Berjaya Philippines to buy half of London's RBW in PHP3.7M cash deal

Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.

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SM Investment Corp. invests in Philippine community mall development firm

Philippine-based real estate holding company SM Investments Corp entered an agreement to acquire a 34% stake in CityMall Commercial Center Inc for an undisclosed amount to construct a chain of community malls in Visayas and Mindanao.

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Thailand's Asiasoft buys out Philippines online publisher IP E-Games' stake in Level-Up

Thailand-based online entertainment firm Asiasoft Corporation Public Company Ltd is buying out the entire 30% stake of Philippine-based online game publisher IP E-Game in Level-Up to gain a 70% controlling stake in the latter.

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Philippine retail chain Robinsons acquires Jaynith's Supermarket

Philippine-based multi-chain retailer Robinsons Retail Holdings Inc agreed to acquire three-store supermarket chain Jaynith's Supermarket for an undisclosed amount to further boost its retail network.

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Philippine firm RFM acquires Royal brand from Unilever in $47.8M deal

Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).

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Metro Pacific hikes Manila tollway stake in PHP1.42B deal

Philippine-based tollway developer Metro Pacific Tollways Development Corporation (MPTDC) acquired France-based tollway operator Egis Project SA stake in Manila North Tollways Corporation (MNTC) for PHP1.42 billion.

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Millennium Global takes controlling stake in Philippine seafood explorer Millennium Ocean

UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.

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Philippine bank RCBC completes exit of 65pct stake in Bankard

Philippine-based bank Rizal Commercial Banking Corp (RCBC) has completed the sale of its 65% stake in credit card issuer Bankard Inc to RYM Business Management Corp, according to a disclosure to the Philippine Stock Exchange.

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Black River ups stake in Philippine food exporter AgriNurture

Singapore-based asset management company Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd has increased its holding in Philippine-based food exporter AgriNurture Inc, according to a stock exchange disclosure.

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Philippine-based Max's Group takes over Pancake House

The Max's Group of Companies has bought Philippine-based casual dining chain operator Pancake House Inc prior to the former's local stock market debut, in a deal valued at almost PHP3.9 billion.

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GT Capital purchases 40.7% of Toyota dealership in the Philippines

Philippine-based conglomerate GT Capital Holdings Inc bought more than 40% of car dealership Toyota Manila Bay Corp (TMBC) in a deal valued at PHP502.25 million.

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Ayala takes a part of Mitsubishi's interest in Manila Water

Philippine conglomerate Ayala Corp has bought 140 million common shares of Mitsubishi Corp's equity in Manila Water Company Inc for PHP2.8 billion, according to an emailed statement.

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Splash exits interest in Medical City operator in the Philippines

Philippines-based personal care manufacturer Splash Corp announced the sale of its minority interest in Medical City owner and operator Professional Services Inc for PHP295 million.

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Philippines-based oil firm Trans-Asia to take stake in Frontier Oil

Philippines-based oil firm Trans-Asia Oil and Development Corp has agreed to acquire an unspecified amount of shares worth PHP136 million in Frontier Oil Corp next year, the latter said in a stock exchange disclosure.

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