Key Developments: Ayala Corp (AC.PS)
664.50PHP
24 May 2013
Php-5.50 (-0.82%)
Php670.00
Php670.00
Php670.00
Php650.00
405,640
643,357
Php688.00
Php405.00
Latest Key Developments (Source: Significant Developments)
Ayala Corporation Announces Cash Dividend For Common Shares And Preferred A Shares
Ayala Corporation announced its cash dividend for common shares of PHP 2.00 per share payable on February 1, 2013, and the record date is January 8, 2013. The Company also announced cash dividend for its Preferred A Shares for the first quarter at 8.88% dividend rate per annum payable on February 25, 2013, and the record date is January 30, 2013, for the second quarter at 8.88% dividend rate per annum payable on May 25, 2013, and the record date is April 30, 2013, for the third quarter at 8.88% dividend rate per annum payable on August 25, 2013, and the record date is July 30, 2013, and for the fourth quarter at 8.88% dividend rate per annum payable on November 25, 2013, and the record date is October 29, 2013. Full Article
Aboitiz Equity Ventures, Inc.'s Aboitiz Land, Inc. And Ayala Corporation Sign Memorandum Of Agreement With ADC & HAS Airports, Inc.
Aboitiz Equity Ventures, Inc. announced that its wholly owned subsidiary, Aboitiz Land, Inc. (AboitizLand), and Ayala Corporation have signed a Memorandum of Agreement with ADC & HAS Airports, Inc. (ADC & HAS) to complete a consortium that intends to participate in a Public Private Partnership (PPP) project involving the bidding for the rehabilitation and construction of the Mactan-Cebu International Airport (MCIA) Passenger Terminal located at Mactan Island, Cebu. Full Article
Ayala Corporation Signs Agreement With Ho Chi Minh City Infrastructure Investment JSC
Ayala Corporation announced that the Company and Ho Chi Minh City Infrastructure Investment JSC (CII) have entered into an agreement to jointly invest in VinaPhil Technical Infrastructure Investment JSC (VinaPhil), a corporation established under Vietnam law to invest in infrastructure projects in Vietnam. VinaPhil will be initially 49%-owned by the Company with the remainder owned by CII and other Vietnamese investors. VinaPhil will have an initial charter capital of VND 900 billion (approximately $ 43 million). Earlier this year, the Company has acquired a 10% stake in CII in conjunction with Manila Water Co., Inc.’s acquisition of a 47.35% in Kenh Dong Water Supply JSC. Full Article
Ayala Corporation To Issue PHP 10 Billion Bond
Ayala Corporation announced that it will offer to the public until November 16, 2012, the PHP 10 billion, seven-year corporate bond due 2019. The bonds bear an interest rate of 5.45% per annum. The Company is raising funds for its capital requirements. The underwriters of the bond offer are BPI Capital Corp., BDO Capital & Investment Corp., First Metro Investment Corp., Hongkong and Shanghai Banking Corp., ING Bank Manila, RCBC Capital Corp., SB Capital Investment Corp., and Standard Chartered Bank. Full Article
Volkswagen AG Appoints Ayala Corporation's Subsidiary As Philippine Distributor
Ayala Corporation announced that its wholly owned subsidiary, Ayala Automotive Holdings Corporation, has been appointed as the Philippine distributor for Volkswagen passenger vehicles by Volkswagen AG. Full Article
Ayala Corp Buys Part Of DBS Group Holdings Ltd Stake In Bank of the Philippine Islands For $616 Million-Reuters
Reuters reported that Ayala Corp has confirmed on October 12, 2012 it had bought part of the stake of Singapore's DBS Group Holdings Ltd in its banking arm for 25.6 billion pesos ($616 million), raising its interest to more than 40%. DBS's stake in the Bank of the Philippine Islands (BPI) falls to 9.9% after the sale of a 10.4% holding to partner Ayala Corp. Full Article
DBS Group Holdings Ltd Agrees To Sell More Than Half Of Its Stake In Bank of the Philippine Islands To Ayala Corp-Reuters
Reuters reported that DBS Group Holdings Ltd, has agreed to sell more than half of its stake in Bank of Philippine Islands (BPI) to Ayala Corp for SGD757.3 million ($616.07 million) to boost its capital base. Ayala, a conglomerate, is already the biggest shareholder in BPI, the Philippines' bank by market capitalization. DBS owned about 20.3% of BPI before the sale. After the sale, DBS will be left with a 9.9% stake, although it will continue to be represented on the bank's board. The transaction will realize a gain of about S$450 million for DBS, but is not expected to have a material financial effect on 2012 net asset value and earnings. Full Article
A Brown Company, Inc. And Subsidiaries To Build Power Plant With Ayala Corporation's AC Energy Holdings, Inc.
A Brown Company, Inc. announced that the Company together with its subsidiaries, Palm Thermal Consolidated Holdings Corp., Palm Concepcion Power Corporation and Panay Consolidated Land Holdings Corporation, have signed a Memorandum of Agreement with AC Energy Holdings, Inc., a subsidiary of Ayala Corporation, to build a power generation plant in the Province of Iloilo. The new plant, targeted to operated by 2015, is a 135MW facility utilizing the clean-coal technology. Full Article
Aboitiz Equity Ventures Inc Signs Memorandum Of Agreement With Ayala Corporation
Aboitiz Equity Ventures Inc (AEV) signed a Memorandum of Agreement with Ayala Corporation to form a consortium intended to participate in the bidding for the construction, rehabilitation, operation and maintenance of the Mactan-Cebu International Airport (MCIA) Passenger Terminal located at Mactan Island, Cebu (the Project) under the Public Private Partnership (PPP) Program of the Philippine Government. AEV and Ayala Corporation intend to collaborate and partner with an international airport operator to complete the consortium. The parties will enter into a definitive agreement once the bid rules or the terms of reference for the Project have been finalized and published by the Philippine Government. Full Article
Ayala Corporation Completes Acquisition Of Stake In Ho Chi Minh City Infrastructure Investment Joint Stock Co
Ayala Corporation announced that it has completed the acquisition of a 10 percent stake in Ho Chi Minh City Infrastructure Investment Joint Stock Co for a total consideration of USD 15.9 million. Full Article
Philippines' Ayala Corp 2012 profit up 12 pct
MANILA, March 11 - Philippine conglomerate Ayala Corp's net income rose 12 percent in 2012 supported by strong performances in real estate, banking and water.
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