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Thursday, March 28, 2024

Corporate

SM Group acquires 28% stake in CREIT for P5 billion

Conglomerate SM Investments Corp. (SMIC) said Wednesday it acquired a 28.79-percent stake in Citicore Energy REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust firm, for P5 billion. SMIC said in a disclosure to the stock exchange it purchased 1.884 billion shares in CREIT from Citicore Renewable Energy Corp. (CREC) and Citicore Solar Tarlac 1 at P2.6534 apiece. After the transaction, CREC will remain the largest stakeholder in...

Globe sells 33 more towers to Unity for P396m

Globe Telecom Inc. said Tuesday it sold a total of 282 towers...

JG Summit’s net income soars 30 times to P20.2b

Conglomerate JG Summit Holdings Inc. of the Gokongwei Group saw its net...

ePLDT forms data center company for hyperscalers

The information and communications technology arm of PLDT Inc. established VITRO Inc.,...

LATEST Corporate

LATEST

CDC’s cash dividend payment to gov’t increases 49% to P1.8b

Clark Development Corp. (CDC) said Tuesday it remitted a record P1.8 billion to the national government this year, or 49 percent higher than the...

Aboitiz Construction signs new maintenance contract for Davao’s Apo Agua

Aboitiz Construction said it secured a new maintenance project for Apo Agua Infrastructura Inc., further contributing to water infrastructure development. This followed the inauguration of...

Super8 agrees to keep prices low, accessible

Retail grocery chain Super8 recently held its two-day summer sale where members received discounts and deals on essential and basic items, helping them to...

SEC opens Butuan office to support Mindanao’s economic growth

The Securities and Exchange Commission (SEC) said Monday it recently opened a new office in Butuan City to support the support business formation amid...

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