Philippine Stock Exchange president Ramon Monzon said that the planned Global Philippine Depositary Receipts framework is designed to expand Filipino investors’ access to international equities while giving issuers a more flexible way to bring securities to the local market.
Tycoon Manuel V. Pangilinan-led PLDT is targeting an October listing for VITRO REIT, offering investors a stake in the country’s largest data center platform amid booming demand for cloud computing and artificial intelligence (AI).
Philippine stocks tumbled on Wednesday, with the benchmark Philippine Stock Exchange Index breaking below the key 6,000 level amid heavy foreign outflows.
The Gokongwei family-led RL Commercial REIT is set to triple in size from its initial public offering (IPO) portfolio after agreeing to acquire six Robinsons malls in a P10.6 billion asset infusion, extending one of the Philippine REIT sector’s most aggressive expansion runs.
Tycoon Edgar Saavedra-backed Megawide Construction Corp. is declaring a cash dividend as rising profits and lower debt strengthen the builder’s balance sheet.
Listed retail firm MerryMart Consumer Corp. shareholders have overwhelmingly backed DoubleDragon Corp.’s (DD) plan to absorb the retailer, clearing the way for its exit from the stock market less than six years after its initial public offering.
GCash owner Mynt has taken the first formal step toward a landmark stock market debut, filing for an initial public offering that will test investor appetite for the Philippines’ biggest fintech success story.