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Tag Archives: smc

GMA7 acquisition: Manny Pangilinan vs. Ramon Ang — again?

Is this another case of “What Manny Pangilinan wants, Ramon Ang will also try to get”? This question emerges as reports regarding purported interest by Ramon Ang, president of conglomerate San Miguel Corporation (SMC), to acquire a 30% equity stake in GMA Network Inc. (GMA7)

Top Frontier (TFHI)’s stock price drops 58% in just 1 week

The tragic collapse of Top Frontier Investment Holdings Inc. (TFHI)┬áduring its initial listing last week highlighted one important stock trading lesson that most investors are still not aware of. That is, a stock’s Initial Public Offering (IPO) or introductory listing does not automatically translate to

PSE to delist 27 firms if 10% Public Float rule not met

At least twenty-seven (27) publicly-listed firms, including San Miguel Brewery (SMB), Eton Properties Inc. (Eton), and First Metro Investment Corporation (FMIC), are facing possible trading suspension by next year, if they are unable to comply with the minimum public ownership requirement set by the Philippine

San Miguel Corp. (SMC) ‘Series 2’ Preferred Shares

A few days ago, I drove by a Petron outlet to gas up and noticed a poster advertising┬áSan Miguel Corporation (SMC)‘s public offering of its “Series 2” Preferred Shares. There’s nothing illegal about the advertisement. SMC is a primary stockholder of Petron Corp. and they

Catholic Church sold Philex shares to Manny Pangilinan?

Did the Roman Catholic Archbishop of Manila unload more than 1 million shares of Philex Mining Corporation (PX) in April and May 2011 and sold them directly to Chairman and CEO Manny V. Pangilinan (MVP)? Documents from the Philippine Stock Exchange (PSE) seem to show

SC: Danding Cojuangco rightful owner of 20% of SMC

Eduardo “Danding” Cojuangco is the rightful owner of the contested 20% shares of San Miguel Corporation (SMC), the Philippine Supreme Court ruled with finality today. The Supreme Court (SC) struck down the appeal of the government, represented by the Philippine Commission on Good Governance (PCGG),

Philex (PX) bidding war: Manny Pangilinan vs. Ramon Ang

Another bidding war is supposedly in the making between the two groups allegedly responsible for the 275% increase in the price of Meralco (MER) during the last 7 months. The latest battlefront: Philex Mining Corporation (Stock Code: PX). About this post: ramon ang