Philippine Racing Club, Inc. (PRC) Rights Offering Update

Philippine Racing Club, Inc. (PRC) has announced the following amendments to its 1:36 Stock Rights Offering:

Offer Period : from Feb 9 - 20, 2009 changed to Feb. 23 - March 6, 2009
Listing Date: from March 2, 2009 changed to March 16, 2009


In light of the above changes, the new deadline for submission of your letters of intent to subscribe or withdraw (for those who have already submitted their letters previously) is on March 2, 2009. The Ex-Date and the Offer Price remain to be January 06, 2009 and P3.50 per share, respectively. If you own PRC shares before the Ex Date, you are entitled to the rights offering.
Read more!

Aboitiz Equity Ventures (AEV) Declares Php0.27 per Share Cash Dividend

The Board of Directors of Aboitiz Equity Ventures, Inc. (AEV) on February 11, 2009 approved the declaration of cash dividend in the amount of Php0.27 per share or for a total amount of Php 1.505 Billion to all stockholders of record as of the close of business hours on February 26, 2009, payable on March 23, 2009.

At of the most recent closing Price of Php6.2, the dividend is equivalent to 4.35% per share.
Read more!

Aboitiz Power (AP) Declares Php0.20 per Share Cash Dividend

The Board of Directors of Aboitiz Power Corporation (AP) on February 11, 2009 approved the declaration of cash dividend in the amount of Php0.20 per share or for a total amount of Php 1.472 Billion to all stockholders of record as of the close of business hours on February 26, 2009, payable on March 23, 2009.

At of the most recent closing Price of Php4.45, the dividend is equivalent to 4.5% per share.
Read more!

Nihao Mineral Resources International, Inc (NI) defer Stock Right offering

Nihao Mineral Resources International, Inc (NI) Board of Directors, during its meeting, January 28,2009, resolved to DEFER the conduct of its 5:1 Stock Rights offering in view of the recent developments in the negotiations with a potential strategic investor which may affect the work program on the use of proceeds from the Offer.
Read more!