The Securities and Exchange Commission (SEC) has approved a re-initial public offering (re-IPO) of as much as n planned by electricity superhighway operator Synergy Grid & Development Phils. as well as a re-IPO of up to P7.5 billion sought by liquor, wine and specialty beverage retailer The Keepers Holdings Inc. The SEC likewise approved the…
The Securities and Exchange Commission (SEC) has cleared the real estate investment trust (REIT) offering of as much as P14.92 billion planned by Gotianun-led Filinvest Land Inc. Filinvest-sponsored Cyberzone Properties, which will change its name to Filinvest REIT Corp., was authorized to offer to the public up to for up to P8.30 per share, with…
Ayala group-backed corporate venture capital firm Kickstart Ventures has intensified its hunt for future “unicorns” here and abroad notwithstanding a prolonged COVID-19 pandemic, making use of a fresh fund to help bankroll early-stage to growth-stage tech startups. Kickstart, a wholly owned subsidiary of Globe Telecoms, is scouting for innovative companies with compelling, credible and scalable…
Tycoon Andrew Tan-led Megaworld Corp. plans to raise as much as P27.3 billion from the sale of a 49-percent stake in a business process outsourcing industry (BPO)-focused real estate investment trust (REIT) called MREIT Inc., which the group is grooming to become Southeast Asia’s largest REIT in terms of portfolio scale. At the maximum size,…
Food giant Monde Nissin Corp. has bagged global funds as long-term investors in its anticipated P55.9-billion public debut this month. In a statement on Wednesday, Monde Nissin claimed it had secured commitments from 11 cornerstone investors. These were AIA Investment Management Private Ltd., Stichting Depositary APG Emerging Markets Equity Pool, Avanda Investment Management Pte. Ltd.,…