Companies

By Riza Lozada The International Container Terminal Services Inc. (ICTSI) will infuse more capital to two subsidiaries through the conversion of the deposit for future stock subscriptions (DFFS) worth $512,548 for subscription of its subsidiary ICTSI Subic Inc. (ISI) and DFFS totaling to $1,537,644 to be converted to advances to ISI, reported to the Philippines Stock Exchange (PSE) the 

Food manufacturer Rebisco Group founder Jacinto Ng Sr. topped the Bureau of Internal Revenue’s (BIR) biggest 500 individual taxpayers for 2014, dislodging last year’s topnotcher, eight-division boxing champ and Sarangani Representative Emmanuel “Manny” Pacquiao. 

Listed agribusiness giant Roxas Holdings Inc. (RHI) reported consolidated net income after tax amounting to P19 million for fiscal year ending September from P615 million a year ago. Net earnings per share was at P0.01 in 2015, and P0.67 per share in 2014. 

By Riza Lozada Listed Alliance Select Foods International Inc. (ASFII) will pursue the use of the P1 billion in proceeds from its fully-subscribed stocks right offer for working capital, debt servicing and capital expenditures, despite a boardroom dispute that resulted in the court-ordered postponement in the companys’ annual meeting, ASFII said in a report to the bourse. 

By Riza Lozada Telecommunications giant Globe Telecom seeks to raise P1 billion from the issuance of 20 million non-voting preferred shares, the proceeds for which will be used to fund its capital expenditures.

The renewable energy arm of the Aboitiz Power Corp. has secured fresh loans worth up to P3.7 billion to fund the setting up of a solar power plant in San Carlos City, Negros Occidental.

The public should exercise caution in dealing with individuals who are not licensed to solicit funds for stock market investments, the Philippine Stock Exchange Inc. (PSE) warned in an advisory.

Pilipinas Shell Petroleum Corp. will likely hold its long-delayed initial public offering (IPO) after the national elections next year, Shell Companies in the Philippines country chairman Edgar Chua said.

Mass-housing developer 8990 Holdings Inc. is in talks with a listed Singaporean company to form a joint venture to build up to 100,000 housing units in Tanzania, the largest of the East African countries.

By Riza Lozada Cosco Capital Inc., the retail holding firm of Lucio Co, reported a net income of P3.01 billion for the first nine months representing an 18 percent improvement from P2.55 billion profit a year ago.