Thursday, June 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Stocks

PAL Holdings eyes P16.25b through stock rights offering

Jenniffer B. AustriabyJenniffer B. Austria
May 5, 2019, 7:25 pm
in Stocks
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

PAL Holdings Inc., the parent company of the country’s flag carrier Philippine Airlines Inc., may raise as much as P16.25 billion from a planned stock rights offering scheduled within the year.

PAL Holdings said in a regulatory filing it would seek the approval of shareholders to increase its capital base to P20 billion from the current P13.5 billion.

PAL Holdings said it would offer at least 25 percent of the increase in the capital stock, or not less than 1.625 billion common shares, by way of a rights offering to shareholders.

PAL’s parent firm could potentially raise P16.25 from the planned rights offering based on the company’s closing price of P10 on Friday.

“The prospectus or other offering circular to be hereafter prepared and submitted to the Securities and Exchange Commission and the Philippine Stock Exchange as required by law shall contain, among others, all the commercial terms of such offering as may hereafter be determined by the Board of Directors after due consultation with its financial and investment advisers,” said PAL Holdings.

PAL Holdings plans to complete the rights offering before the end of 2019.

ANA Holdings Inc., the parent company of Japan’s All Nippon Airways, earlier invested $95 million for a 9.5-percent stake in PAL Holdings.

ANA Holdings acquired the shares from Trustmark Holdings Corp., family firm of billionaire Lucio Tan and the largest shareholder of PAL Holdings.  

ANA Holdings said the investment in PAL would help its mid-term corporate strategy that started last year and would last until 2022, where it aims to expand its international group network by forging partnerships with foreign airlines.

PAL said it would embark on a major re-fleeting program once the expansion of Ninoy Aquino International Airport started.

The airline has allotted $650 million for 2019 capital expenditures to fund aircraft acquisition.

The airline expects to receive six aircraft this year, comprising of Airbus 350, two Airbus 321neo and two Q400.

PAL flies to 43 international and 35 domestic destinations using 95 aircraft, and owns one of the youngest fleets in the industry with an average age of just five years.

Tags: PALPAL Holdings Inc.Philippine Airlines Inc.stock rights offering
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Market tumbles; SMIC bucks downtrend

byManila Standard
May 31, 2023, 9:30 pm
0
8
Stock market surges; PLDT, Globe advance

Stocks tumbled Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit...

Read more

PSE incurred P189-m tax deficiency in 2019—BIR

byJenniffer B. Austria
May 30, 2023, 8:05 pm
0
8
PSE approves P8-b stock rights offering of DITO CME; Figaro Coffee postpones IPO to January 2022

The Bureau of Internal Revenue assessed the Philippine Stock Exchange with P189.2-million tax deficiency incurred in 2017. The PSE said...

Read more

Stocks, peso tumble ahead of US debt vote

byManila Standard
May 30, 2023, 7:50 pm
0
8
Stock market surges; PLDT, Globe advance

The stocks market and the peso tumbled Tuesday as investors traded nervously while watching Washington, where lawmakers are expected to...

Read more

Market rises on US deal to lift debt ceiling

byManila Standard Business
May 29, 2023, 6:45 pm
0
8
Asian markets drop and dollar rises as inflation, rate fears return

Stocks rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift...

Read more

Metro Pacific seeks shareholders’ approval on delisting, tender offer

byManila Standard Business
May 29, 2023, 6:15 pm
0
8
MPIC wins 2021 PR, marketing awards

Metro Pacific Investments Corp. said Monday the decision on proceeding with the delisting from the Philippine Stock Exchange is subject...

Read more

Stocks expected to rise on US debt deal

byJenniffer B. Austria
May 28, 2023, 7:00 pm
0
8
Stock market surges; PLDT, Globe advance

Share prices are expected to bounce back this week after last week’s dismal performance if talks over the United State’s...

Read more

Print Edition

View More

Recent Posts

  • US House votes to avert default, setting up Senate showdown
  • M[email protected]: Leading the Way to a Resilient and Sustainable Future
  • MSD in the Philippines reaffirms commitment to end cervical cancer
  • Cavite City relives first waving of the Philippine Flag  
  • Aggao Nac Cagayan starts today, highlights victory of Cagayano spirit
  • Butler says Heat-Nuggets furore in past
  • Amazon settles Ring customer spying complaint
  • PHILEX MINING CORPORATION: Notice of the 2023 Annual General Meeting of Stockholders

Advertisement

Latest News

Butler says Heat-Nuggets furore in past

byAFP
June 1, 2023, 9:00 am
0
8
More fireworks as Heat, Celtics clash in Game 7

Jimmy Butler said there was no lingering bad blood between the Miami Heat and Denver Nuggets on Wednesday as the...

Read more

Amazon settles Ring customer spying complaint

byAFP
June 1, 2023, 8:00 am
0
8
Amazon settles Ring customer spying complaint

Amazon on Wednesday agreed to pay $30.8 million to settle Ring and Alexa privacy complaints filed by US regulators, including...

Read more

PHILEX MINING CORPORATION: Notice of the 2023 Annual General Meeting of Stockholders

byManila Standard
June 1, 2023, 6:00 am
0
8
Philex eyeing partners for $1.1-billion Silangan mine

Read more

Urban gardening

byManila Standard
June 1, 2023, 1:05 am
0
8
Villacorta new LTO officer-in-charge

The Department of Agriculture and SM Supermalls, through its corporate social responsibility arm, SM Foundation, renew their Memorandum of Agreement...

Read more

Maharlika bill goes to Palace

byMacon Ramos-Aranetaand2 others
June 1, 2023, 1:00 am
0
8
Villacorta new LTO officer-in-charge

House adopts Senate version, keeps ban on state pension funds The enrolled copy of the Maharlika Investment Fund (MIF) bill...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App