The Yuchengco family-backed EEI Corp., one of the country’s largest construction firms, is making its biggest move yet beyond its core business with the P2.8-billion cash acquisition of First Orient International Ventures Corp.
Listed Asiabest Group International Inc. (ABG) is preparing a major follow-on share sale, with its board approving an increase in authorized capital stock to P3 billion as it pivots from a dormant firm into the housing and construction business of Leyte tycoon Francis Lloyd Chua.
The owners of affordable housing developer 8990 Holdings Inc. will begin a P6 billion tender offer on Tuesday as it kicks off the largest Philippine Stock Exchange (PSE) delisting in two years.
Architect Cathy Saldaña, who leads the project, described Southlinks Estate as “one of the last jewels in the metropolis.” She added: “This is a new township and this area is so alive. Nowhere else can you find a big plot of land like this already. No more.”
Tycoon Edgar Saavedra’s Megawide Construction Corp. is racing ahead of last year’s earnings pace, with first-half profit already hitting 81 percent of its 2024 total.
DoubleDragon Corp., the property firm led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, grew its first-half 2025 net income by 44 percent to P2.4 billion, fueled by stronger real estate sales and higher property valuations.
DoubleDragon Corp., the developer backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, will issue up to P10.9 billion in “Double-Seven” peso retail bonds in September this year.