Tycoon Ramon S. Ang-led San Miguel Corp. is raising up to P30 billion through a preferred share sale carrying dividend rates of up to 7.54 percent, marking one of the largest equity offerings this year.
SM Hotels and Convention Corp. (SMHCC), the hospitality arm of SM Prime Holdings, is investing ₱5.3 billion over the next five years to expand its footprint in the meetings, incentives, conferences, and exhibitions (MICE) sector. The move kicks off with new convention centers in Cebu and Pasay.
AP Securities advised clients to keep Ayala Group’s AREIT Inc. on their radar, despite Ayala Land Inc.’s block sale deal at a modest discount to the market price.