admin December 2, 2020

Lopez Holdings plans to delist; FPHC to buy its minority
The Lopez group of companies is planning to use First Philippine Holdings Corporation to buy for up to P17.5 billion all the public shares of Lopez Holdings Corporation which it plans to eventually delist from the bourse. In disclosures to the Philippine Stock Exchange, Lopez Holdings said itsBo


GSIS seeks trading suspension, delisting of MPIC | ABS-CBN …
The agreement came shortly after FPHC reportedly turned down an offer of tycoon Henry Sy’s son to buy FPHC’s Meralco shares at P300 each. Manuel V.Pangilinan-led MPIC and its sister firm, Pilipino Telephone Corp. or Piltel, together control 34.7% of Meralco, with 14.7% and 20%, respectively.


Exclusive: China’s Ctrip in talks with investors to delist
Chinese online travel giant Ctrip is in talks with potential investors about funding its delisting from Nasdaq because of rising U.S.-China tensions and the coronavirus-driven hit to its business, sources told Reuters. The management of China’s largest online travel firm, with a current market value of $16.5 billion, has reached out to a number of financial and strategic investors including …


(PDF) Fisher &Amp; Paykel Industries Ltd. Restructuring
shares of F&P Appliances, an in direct interest of 19.9 percent of the shar es in FPHC via the cross-holdings of F&P Applian ces, and a direct interest of approximately 62 percent of the shares in …


Protecting minority shareholders in blockholder-controlled …
Essar Energy’s success in buying out the minority shareholders was also due in part to the low free float of the company’s shares—at the time of its IPO, Essar obtained a waiver in respect of the normal minimum 25 per cent free float requirement (on the basis that the market liquidity of the shares was sufficiently high).


What’ s Up In The Philippines: 2009-11-01
Through First Philippine Holdings Corp.(FPHC), the Lopez family still has a 13.4-percent stake in Meralco. … an entity that acquires 35 percent of a listed company must buy the remaining shares held by minority shareholders at the same price. … The government’s plans call for the employment of some 59,968 roadside maintenance workers in …


Hong Kong’s Property Insiders Are in Buy Mode
Hopewell Holdings Ltd. was delisted by its then-83 year-old founder Gordon Wu last year. And in 2016, New World China Land Ltd. was taken private by the controlling Cheng family. The discount on Hong Kong property shares also reflects the dominance of controlling family shareholders, which fuels concern among investors that minority interests …


Republic Cement to delist shares | Philstar.com
The move follows the acquisition by AEV CRH Holdings of RCBM. Last August, AEV CRH conducted a tender offer for 649. 08 million common shares held by RCBM’s minority shareholders at P10.26 each.


RED VULCAN HOLDINGS – Tuugo
Red Vulcan pays P58.5B to PNOC. MANILA, Dec 1 (PNA) — Winning bidder Red Vulcan Holdings Corp., consortium for the 60-percent government stake in PNOC-Energy Development Corp., paid …


Recommended public offer by Recruit Holdings Co., Ltd. for …
This is a joint press release by Recruit Holdings Co., Ltd. and USG People N.V., pursuant to the provisions of article 10, paragraph 3 and article 18, paragraph 3 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) in connection with the recommended public offer by Recruit Holdings Co., Ltd. for all the issued and outstanding ordinary shares in the capital of USG People N.V.
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