The Figaro Coffee Group, a stalwart in the Philippine food and beverage industry, proudly presented its quarterly financial report for the period spanning October 1 to December 31, 2023, demonstrating robust growth and a solid financial standing. The company saw improvements in top-line sales, bottom-line margins, enhanced store operations, strengthened commissary capacities, and laid the
The leading operator of multi-format food and beverage stores, Fruitas Holdings, Inc., traded on the Philippine Stock Exchange under the symbol FRUIT, is off to a great start as it opened three new Ling Nam restaurants across three major cities in the Metro Manila – Quezon City, Caloocan City, and Makati City. This strategic expansion
Axelum Resources Corp. (PSE: AXLM), the country’s leading fully-integrated manufacturer and exporter of premium coconut products, has redefined key strategies to restart its momentum and anchor long-term growth. “We recognize the importance of adapting in today’s business landscape by keeping in step with evolving market trends, pioneering fresh ideas and more importantly, embedding sustainability in
PETITIONERS GUILTY OF FORUM SHOPPING The Court of Appeals (“CA”) upheld the dismissal of a civil complaint filed in 2015 by minority shareholders of Alliance Select Foods International, Inc. (“ASFII; PSE: FOOD”) finding, among others, that the minority shareholders had committed forum shopping. In a March 28, 2023 Decision, the CA’s Thirteenth Division upheld the
Roxas and Company, Inc.’s (RCI) subsidiary, Roxaco Land Corporation’s Anya Resort Tagaytay (ART) launches expansion projects. Anya Resort Tagaytay broke ground on Block 12, the latest addition to its current 80-room luxury hotel in Tagaytay. The sold out eight-unit expansion coincides with the Resort’s fifth year anniversary and strongly positions the Roxas and Company Inc.
Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC) SPNEC informed the Philippine Stock Exchange (PSE) that the final Offer Price of its SRO is Php 1.50 per Rights Share. The Offer Price represents a 14% discount to the 15-day volume-weighted average price of SPNEC’s Common Shares as of August 17, 2022. Solar
ACEN announced today that it and its subsidiary, ACEN Australia, and DBS Bank Australia, executed a Common Provisions Agreement and a Facility Agreement for a AUD 100 million green long-term revolving loan facility. The loan will provide capital financing for ACEN’s eligible green assets in Australia as part of its strategic aspiration to grow its
Roxas and Company Inc. (RCI) registered PhP500 million consolidated revenue in the first six months of 2022 driven mainly by the sales performance of its real estate and luxury hospitality units, partly offset by the budget hotel segment. Roxaco Land Corporation (RLC) sold PhP221 million from raw lands as well as Palmstrip and SAMG projects.
Solar Philippines Nueva Ecija Corporation (SPNEC) is allocating proceeds from its various capital raises to complete securing at least 2500 hectares in the provinces of Nueva Ecija and Bulacan for a planned 3.5 GW solar farm. This would mark SPNEC’s expansion of operations in the same area of the land secured for its 500
Megawide Construction Corp. listed today a total of Php4.0 billion fixedrate bonds (inclusive of the Php1.0 billion oversubscription option) at the Philippine Dealing and Exchange Corp. (PDEx). The issue received total tenders of Php6.71 billion and was 2.24x oversubscribed from the P3.0 billion base issue amount during the offer period, which ran from July 28,
