Conglomerate Ayala Corp. said Friday it is selling its remaining 23.6-percent stake in Manila Water Co. Inc. (MWC) to Trident Water Company Holdings Inc., a subsidiary of Prime Infrastructure Capital Inc., for P14.5 billion.
Ayala and its subsidiaries Michigan Holdings, Inc. and Philwater Holdings Company Inc. signed an agreement with Trident to sell 577.997 million MWC common shares and 872.487 million MWC preferred shares.
“The transactions are aligned with AC’s strategy...
Restaurant chain operator Shakey’s Pizza Asia Ventures Inc. returned to profitability in 2021, as the easing of mobility restrictions boosted sales.
Shakey’s said in a...
Manila Water ranked 7th on LinkedIn’s Top 2022 Companies in the Philippines for professionals to expand their careers, the second year the company made...
SEOUL, South Korea—Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement...
