Holding Firms - Headlines and Updates

Aboitiz Equity Ventures reports 4% income growth in 9M 2024, led by gains in power and finance; real estate and infra see mixed results.

Phinma secures P1-B rights offering approval to fund strategic projects in solar, construction, hospitality, and property sectors.

Shang Properties acquires Rapidshare Realty from San Miguel for PHP 2.5B, adding prime Greenhills land to its portfolio.

SM Prime opens SM City J Mall in Mandaue, Cebu, offering retail, dining, and entertainment in a 100,000 sqm mall

Manila Water completes PHP1.02B divestment of Bulacan water utilities BWCI and OWCI to SMC Bulacan for strategic growth

Prime Media secures PHP 531M funding for nationwide media growth, private placements with Valiant and Cymac approved

Phinma launches P12 Billion Saludad Township in Bacolod, blending culture and sustainability in a 21-hectare development designed for urban growth

SM Group invests P2B in Clark, boosting connectivity, jobs, and tourism with a new transport terminal and more hotels

Ayala sells 50% of GCash parent company to Mitsubishi for ₱18.4B, boosting fintech growth

DMCI Holdings issues P10 billion in preferred shares to acquire a 56.75% stake in Cemex and strengthen its business portfolio

SMC, Ayala partner on Ayala Greenfield Interchange, set to transform travel and boost economy in Southern Luzon.

MPTC and SMC aim to complete their tollway merger by October 2024, promising improved efficiency in the Philippine toll road system.

BPI sells its 15% stake in GoTyme Bank for Php902M, approved by BSP, to avoid product overlap following the BPI-Robinsons Bank merger.

Cebu Pacific acquires AirSWIFT for PHP 1.75 billion, expanding its domestic routes and enhancing local travel options.

Ayala secures $200M loan from Metrobank to fund strategic investments in tech, health, and logistics.

Megaworld (MEG) reports an 11% profit increase to P9.81B in H1 2024, driven by strong real estate and hotel performance.

GCash achieves a $5 billion valuation with strategic investments from Ayala and MUFG, boosting financial inclusion in the Philippines

Robinsons Retail's First Half 2024 profits soar to ₱7.08B, driven by strategic expansions and higher operating efficiencies

BDO Unibank's First Half 2024 sees a record-breaking 12% profit surge, marking a historic milestone in its financial performance.