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Friday, March 29, 2024

Corporate

SM Group acquires 28% stake in CREIT for P5 billion

Conglomerate SM Investments Corp. (SMIC) said Wednesday it acquired a 28.79-percent stake in Citicore Energy REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust firm, for P5 billion. SMIC said in a disclosure to the stock exchange it purchased 1.884 billion shares in CREIT from Citicore Renewable Energy Corp. (CREC) and Citicore Solar Tarlac 1 at P2.6534 apiece. After the transaction, CREC will remain the largest stakeholder in...

Globe sells 33 more towers to Unity for P396m

Globe Telecom Inc. said Tuesday it sold a total of 282 towers...

JG Summit’s net income soars 30 times to P20.2b

Conglomerate JG Summit Holdings Inc. of the Gokongwei Group saw its net...

ePLDT forms data center company for hyperscalers

The information and communications technology arm of PLDT Inc. established VITRO Inc.,...

LATEST Corporate

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Upson reports record-high revenues, opens more stores

Gadgets retailer Upson International Corp. said Monday its net income in 2023 reached P464.2 million, down 13.7 percent from P537.85 million in the same...

D.M. Wenceslao declares P260m worth of cash dividends

The board of D.M. Wenceslao & Associates Inc. (DMW) declared cash dividends amounting to P0.078971515 per share, or a total of P268.176 million, during...

SEC blocks Binance site in PH market

The Securities and Exchange Commission (SEC) said Monday it blocked the cryptocurrency site Binance in the Philippines after the regulator found it to have...

JT’s Manukan signs deal to expand in Singapore, eyes more countries

Harimanok Inc., the franchise company of JT’s Manukan Grille, said it signed a joint venture agreement with food court operator Asian Food Mall to...

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