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Kirin Holdings Co. said it is interested in raising its stake in San Miguel Brewery Inc. Kirin, which holds about 48 percent of the Philippine beermaker, would weigh boosting its stake in the brewer if offered, President Senji Miyake said at a news
These were valued at P72 billion. JG Summit in December also raised P8.8 billion from a share sale to fund the acquisition, raising the firm's public float to 34 percent.
Philippine Stock Exchange (PSE) yesterday said. Both San Miguel Corp. and LT Group, Inc. will now be considered holding firms instead of industries under the food, beverage and tobacco sub-sector. San Miguel, formerly focused on beverages and
19pm The Philippine flagship infrastructure program, the public-private partnership initiative, is starting to pick up pace as San Miguel Corp. breaks ground for the P26.5 billion tollroad linking North Luzon Expressway to South Luzon Expressway.
Before that in July the conglomerate sold more than 64.33 million Meralco shares for P17.4 billion. During the first nine months of 2013, San Miguel booked foreign exchange losses valued at P12.3 billion. As a result, net income in January to
San Miguel, on the other hand, owned 49 percent of Top Frontier's outstanding capital. On Jan. 2, San Miguel distributed to its shareholders dividends of 240.2 million common shares in Top Frontier, with its holdings in the investment firm falling
Consumption of suds is growing fast, and for-sale assets are hard to find. The coming year may see new owners for Philippine brewer San Miguel and South Korea's Oriental Brewery. The real prize may be in China, the world's biggest beer market by far.
Top Frontier's application to list by way of introduction under the main board. Listing by way of introduction does not entail selling shares as a capital-raising exercise, according to the PSE. The initial listing price is set at P178.00 per
It also holds exploration permits, pending application for production sharing agreement and pending exploration permit applications for certain areas under the Bango Gold Project.
deal offered so far by the government. The consortium beat six others including the country's top conglomerates, offering a premium of P14.4 billion for a 25-year concession to operate the country's second-biggest airport, located in the Visayas,