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Agriculture Secretary Francisco P. Tiu Laurel, Jr. and Argentina’s envoy to Manila, Ambassador Ricardo Luis Bocalandro, met recently to discuss ways to strengthen agricultural cooperation and partnership between the two countries.
I am not surprised by former Secretary Duque's revelation.
NexGen Energy [XGEN 1.68 pre-IPO] [link] has filed with the SEC to conduct an IPO to raise up to P580 million through the sale of primary shares at P1.68/share with a secondary over-allotment option. XGEN is a renewable energy company (wind and solar), and expects the proceeds of the sale to “partially fund” development of three projects (one solar, two wind). China Bank Capital [CHIB 39.10, up 0.1%; 164% avgVol] is the joint lead underwriter on the deal along with Investment and Capital Corp. of the Philippines. XGEN is a subsidiary of Pure Energy Holdings (PEH), which is headed by Dexter Tiu. PEH is also the parent company of Repower Energy Development Corp [REDC 5.10 unch; 88% avgVol], which was also brought to market with CHIB.
Ayala Land [ALI 29.00, down 2.4%; 121% avgVol] [link] disclosed that it sold 98 million common shares of AREIT [AREIT 33.00, down 3.4%; 848% avgVol] in a private placement block sale at a price of P32.45/share. ALI said that the transaction was two times oversubscribed at the clearing price, which was 5% under AREIT’s closing price from the previous day. The transaction raised P3.18 billion for ALI and increased AREIT’s public float to facilitate the planned property-for-share swap between ALI and AREIT.
Agriculture Secretary Francisco P. Tiu Laurel Jr. said Monday the government is promoting sustainable agriculture to ensure sufficient supply of and affordablly-priced food for future generations.
Agriculture Secretary Francisco P. Tiu Laurel Jr. urged the legislators to support the extension of the Rice Competitiveness Enhancement Fund (RCEF).
The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. has approved the importation of 25,000 metric tons of pelagic fish species in the last quarter of 2024, which must arrive in the country before January 15 next year.