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MANILA, Philippines — Tito Sotto, Vic Sotto and Joey de Leon are relieved with the Intellectual Property Office's (IPO) decision, finding them the originators of the "Eat Bulaga" name.
MANILA, Philippines — The hosting trio of Tito Sotto, Vic Sotto and Joey de Leon — collectively known as TVJ — can use the name "Eat Bulaga" for their noontime show.
MANILA, Philippines (Updated 3:43 pm) — The Intellectual Property Office of the Philippines has canceled the trademark registration of “Eat Bulaga” by Television and Production Exponents Inc. (TAPE), ruling that it was Tito Sotto, Vic Sotto, and Joey De Leon who came up with the name.
WASHINGTON, United States — Chinese-founded fast fashion giant Shein has confidentially applied to go public in the United States, the Wall Street Journal reported Monday, calling the move potentially one of the biggest IPOs in years.
Citicore Energy REIT [CREIT 2.54, up 0.4%; 70% avgVol] [link] declared a Q3/23 dividend of P0.049/share, payable on January 22 to shareholders of record as of December 26. This dividend is the same size as the previous dividend, so CREIT’s annualized yield of 7.9% based on the previous closing price was unaffected. The total amount of the dividend is P321 million, which is 106% of the P302 million in distributable income that CREIT reported for the quarter. Relative to CREIT's IPO price, the dividend increased CREIT's total stock and dividend return to 13.84%, up from its pre-dividend total return of 11.92%.
1. Chelsea [C 1.32 unch] [link] issued 73,932,000 common shares to Metrobank [MBT 52.35, up 0.7%] and 3,859.000 common shares to the Private Education Retirement Annuity Association (PERAA) as part of C’s plan to prevent default by converting certain outstanding debts into equity. Together, the shares represent 3.42% of C’s post-transaction outstanding shares. The issuance to MBT allowed C to wipe out P221.8 million in debt (~P3.00/share), and the issuance to PERAA allowed C to eliminate P11.6 million in debt (~P3.00/share).
Alternergy [ALTER 0.83, up 2.5%; 102% avgVol] [link] revealed that its board has approved the re-allocation of P185 million of its P1.61 billion in IPO proceeds in two separate transactions. The first, which the PSE considered to be a “quasi-reorganization”, would transfer ~P42 million from its “additional paid-in capital” account to wipe out the company’s negative retained earnings account. The second would re-allocate P143 million away from future offshore wind projects and the Lamut Hydro Project, and apply that amount to its Tanay and Alabat Onshore Wind Projects which have both been qualified under the Department of Energy’s second Green Energy Auction. The re-allocation will leave only P5 million of the IPO proceeds applied to the future offshore wind projects, and remove all IPO funding from the Lamut Hydro Project. ALTER was briefly halted on Friday to allow the investing public to digest the information.
DDMP [DDMPR 1.31, up 0.8%; 189% avgVol] [link] declared a Q2/23 dividend of P0.0254766, payable on November 29 to shareholders of record as of November 6. The dividend has an annualized yield of 7.78% based on the previous closing price, which is marginally better than DDMPR's pre-dividend annualized yield of 7.75%. The total amount of the dividend is P454 million, which is 60% of the P760 million in distributable income (DI) that DDMPR reported for the quarter. Relative to DDMPR's IPO price, the dividend increased DDMPR's total stock and dividend return to -29.33%, up from its pre-dividend total return of -30.46%.