LIST: Companies owned by Philippines' richest man Henry Sy (philstar.com) - January 19, 2019 - 8:10pm MANILA, Philippines — The Philippines' richest man, Henry Sy, who came to the country as a penniless Chinese immigrant and rose to lead a multi-billion dollar business empire, died in his sleep Saturday morning at 94 years old. According to the Bloomberg Billionaires Index, Sy had a net worth of $7.2 billion as of Friday, January 18. Forbes had a higher estimate of his net worth at $19 billion as of Saturday. This was a far picture from the 10 centavos he had in his pocket in the late 1930s when 12-year-old Sy traveled from China to Manila to work in his immigrant father's sari-sari store. "Our store was so small it had no back or second floor, we just slept on the counter late at night after the store was closed," he told The STAR in 2006. Sy started with a shoe store in 1948. Now, his SM Investments … [Read more...] about LIST: Companies owned by Philippines’ richest man Henry Sy
List company inc
The Big Chill plans P2-billion infrastructure listing Iris Gonzales (The Philippine Star) - August 25, 2018 - 12:00am MANILA, Philippines — The Big Chill Inc. (TBCI), a subsidiary of publicly listed Agrinurture Inc. (ANI), plans to list by way of introduction to raise up to P2 billion. In an interview Thursday night, TBCI chairman and CEO Antonio Tiu said the company would use proceeds from the offering to fund its regional expansion. “After listing, I can do a private placement. We can raise P1.5-P2 billion,” Tiu said. Tiu is looking for partners in neighboring countries for franchising. He hopes to list before the end of the year. Tiu had been long planning to do the listing, but poor market conditions prompted him to postpone it. The listing will enable the company to expand in the Greater China Region as it hopes to capitalize on improved bilateral relations … [Read more...] about The Big Chill plans P2-billion infrastructure listing
SHANGHAI/BENGALURU: Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.But this growing caution about taking on new debt, along with tighter profit margins and slowing revenue growth, could point to rising risks facing the world's second largest economy amid fears of a slowing growth.The overall debt levels of Chinese companies grew three percent in the first quarter of this year, according to analysis by Reuters of 1,843 firms listed in Shanghai and Shenzhen, the slowest pace in at least 13 years.Combined total debts - including borrowing via loans and bond issuances - amounted to 13.2 trillion yuan (US$2.1 trillion) at the end of March, the slowest pace of growth year-on-year since at least 2005, the analysis showed.That amount was down 6.2 percent from the fourth quarter, a steep drop after … [Read more...] about Exclusive: China Inc tightens reins on debt, raises specter of slowdown
Business The president of Tencent Holdings, Asia's most valuable listed company, has sold 1 million of his shares in the company at a premium of 5.4 percent to Wednesday's closing market price, according to a regulatory filing. 28 Mar 2018 06:55PM Bookmark HONG KONG: The president of Tencent Holdings, Asia's most valuable listed company, has sold 1 million of his shares in the company at a premium of 5.4 percent to Wednesday's closing market price, according to a regulatory filing.Martin Lau sold the shares in Tencent, whose stock more than doubled in value in 2017, at an average price of HKUS$434.36 (US$55.35) apiece, reducing his stake to 0.48 percent from 0.49 percent, the stock exchange statement said.The sale comes after Tencent's largest shareholder, Naspers Inc, last week sold a 2 percent stake for US$9.8 billion, the first time in 17 years it had reduced its stake.Tencent lost more than US$51 billion in market value in two days last week on news of Naspers' share … [Read more...] about Tencent president sells US$55 million worth of company shares
Emeterio Sd. Perez AS of April 17, 2017, PLDT Inc. had an outstanding capital of P1.08 billion, equivalent to 216.056 million outstanding common shares at a par value of P5 per share. It listed PCD Nominee Corp. as its single biggest stockholder, with 66.573 million common shares, or 30.813 percent. Listed companies, such as PLDT, resort to the use of PCD Nominee in showing the public their ownership profile. In particular, PLDT relies on it when it presents in its general information sheet (GIS) the number of common shares each of its stockholders owns. However, PCD Nominee acts only as record stockholder for beneficial owners of the capital stock of listed companies. The PCD Nominee does not own shares, unless it is identified so as a stockholder. In turn, the beneficial stockholders are identified in an attachment, but the beneficial owners, whose holdings are held in their behalf by stockbrokers, are not necessarily named in the document. In the case of PLDT, as of April 17, 2017, … [Read more...] about Will Smart remain the only non-listed telecom company?