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  Pilipinas Shell Petroleum Corp.
Posted by: Ollie - 06-16-2014, 10:31 AM - Forum: StockTraders' Lounge - Replies (93)

....much awaited, always delayed

Shell set to expand refinery, may soon proceed with IPO

MANILA -- The long-delayed initial public offering (IPO) of Pilipinas Shell Petroleum Corp. may soon finally happen after the oil refiner informed the Department of Energy (DOE) of its decision to expand its refinery business in the country.

“I met with [Shell officials] about three weeks ago. They are going to expand their refinery here,” said Energy Secretary Carlos Jericho L. Petilla.

The oil firm’s IPO plans hinge on a final investment decision (FID) that will determine whether to push through with the expansion of its refinery business in Tabangao, Batangas. The FID will come from the UK-based parent firm.

Shell is looking at expanding its 110,000-barrel per day (bpd) refinery to meet new fuel standards that will take effect in 2016. The country will soon implement the Euro 4 standards, which require fuel to have significantly low amounts of sulfur and benzene. These are globally accepted European emission standards for vehicles.

Shell officials recently said an FID will take a few more months. Petilla did not say if Shell has informed the agency if it has secured the decision from its parent firm but from a recent conversation with Shell Country Chairman Edgar Chua, it was discussed that the oil firm is definitely pushing through with its expansion plans.

“While the board has decided to close in Australia, Shell is expanding in the Philippines,” added Petilla.

Petilla was referring to an announcement made in February that Shell Co. of Australia Ltd., the Australian subsidiary of Royal Dutch Shell Plc., sold its Australian refinery and petrol stations for $2.6 billion to Vitol, a Geneva-based company.

Assuming that Shell has arrived at a decision on its refinery business, the oil company can now proceed to prepare for the public offering. However, current market conditions may come into play.

“We will start working on the IPO assuming we have a final investment decision but we also need to consider the market condition,” Chua had said.

The DOE has been asking Shell for many years now to hold the IPO since it received a mandate under the Oil Industry Deregulation Act of 1998. The law states that an oil company must list in the local bourse at least 10 percent of its shares within three years from effectivity date. This means Shell’s IPO should have been completed in 2002.

source http://www.abs-cbnnews.com/business/06/1...roceed-ipo

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  SFA Semicon Phils. Corp.
Posted by: Ollie - 05-26-2014, 09:01 AM - Forum: StockTraders' Lounge - Replies (357)

...thanks sa nagrequest

SFA Semicon Philippines Corporation (SSP), formerly Phoenix Semiconductor Philippines Corp., was incorporated and registered with the Securities and Exchange Commission on January 27, 2010 as a wholly-owned subsidiary of Korea-based firm STS Semiconductor and Telecommunications Co., Ltd. The Company started its commercial operations in February 2011.

SSP is engaged in the construction, ownership and operation of a plant for the manufacture, assembly, testing and warehousing of semiconductor and memory devices and applications and related products. SSP provides turnkey solutions that include assembly, packaging and final testing of semiconductor devices. The Company's products go into various applications such as memory chips and devices for computers, laptops and servers, as well as micro SD cards for mobile phones.

SSP supplies its products to Samsung Electronics Co., Ltd. (Samsung Electronics) pursuant to the business transaction agreement dated August 19, 2010 and was renewed for a term of three years from June 1, 2016 through May 31, 2019. Upon expiration of the initial term of the agreement, it shall be renewed automatically for a succeeding one year period, unless sooner terminated in accordance with the agreement. The Company's manufacturing plant is located at Clark Freeport Zone, Pampanga.

Source: SEC Form 17-A (2016)/Disc. Nos. 3363/3394-2017

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  Century Pacific Food Inc.
Posted by: Ollie - 04-07-2014, 11:04 AM - Forum: StockTraders' Lounge - Replies (157)

Century Pacific Food, Inc. (CNPF) was incorporated and registered with the Securities and Exchange Commission on October 25, 2013. The Company is primarily engaged in the business of buying and selling, processing, canning and packaging and manufacturing all kinds of food and food products. CNPF is a wholly-owned subsidiary of Century Canning Corporation.

CNPF's businesses were previously operated by different companies namely, Century Canning Corporation (CCC), which handled canned and processed tuna, sardines and bangus; Columbus Seafood Corporation (CSC), which operated the manufacturing plant for the sardines; General Tuna Corporation (GTC), which operated the tuna processing for local and export sales; Pacific Meat Company, Inc. (PMCI), which manufactured canned and frozen processed meat; and Snow Mountain Dairy Corporation (SMDC), which handled the dairy and sinigang mixes. After the corporate restructuring in 2013, the operations of CCC and CSC were folded into CNPF under the canned and processed fish segment while PMCI's operations were folded into CNPF under the canned meat segment. Only GTC and SMDC were retained as separate corporate entities and wholly-owned subsidiaries of CNPF.

The Company's current main business segments are canned and processed fish segment, which produces tuna, sardine and other fish and seafood-based products; canned meat segment, which produces corned beef, meatloaf and other meat-based products; dairy and mixes segment, which comprise of canned milk, powdered milk and other dairy products as well as coffee mixes and sinigang mix; and tuna export segment, which produces private label canned, pouched and frozen tuna products for export. Among the recognizable brands under these segments include Century Tuna, 555, Blue Bay, Argentina, Swift, Angel and Birch Tree.

source http://edge.pse.com.ph/companyInformatio...mpy_id=652

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  DoubleDragon Properties Corp.
Posted by: Ollie - 02-17-2014, 11:10 PM - Forum: StockTraders' Lounge - Replies (654)

...ayos 'to Smile

SM buys into DoubleDragon’s community mall unit

MANILA, Philippines — SM Investments Corp. has struck up a partnership with DoubleDragon Properties Corp., a real estate joint venture between entrepreneur Edgar “Injap” Sia II and Jollibee group founder Tony Tan Caktiong that will soon debut on the local stock exchange, for the development of a new chain of community shopping malls.

In a press statement on Monday, DoubleDragon announced that it had signed a deal on Monday allowing SMIC to acquire 34 percent of its shopping mall arm CityMall Commercial Centers Inc. (CMCCI). The former will keep a 66 percent interest in the community mall development arm.

CMCCI was recently incorporated as a wholly owned subsidiary of DoubleDragon intended to be the umbrella company for community mall projects around the country to be branded “CityMall.”

The CityMall chain is envisioned to become one of the largest branded independent community mall networks in the Philippines with floor areas of about 5,000 to 10,000 square meters at each location and will be located in strategic locations, mostly in the Visayas and Mindanao.

All CityMalls are planned to have the same theme, color and look, making the mall design a brand in itself. The food area will be a “food court” concept to complement the existing full-sized fast food stores near CityMall. The community malls will not only provide prime “food court” spaces to the top fast-food brands such as Jollibee, Mang Inasal, Chowking, Greenwich, Red Ribbon and Highlands Coffee but also to other popular non-food anchor retail tenants that will complement the whole development, DoubleDragon said.

The supermarket area and other retail spaces of each CityMall are envisioned to cater to various retailers, including those affiliated with the SM Group brands such as Savemore, Ace Hardware, Watsons, Home World, Kultura, Our Home, Sports Central, Surplus Shop, Toy Kingdom, SM Appliance, Banco de Oro and China Bank but also to other non-food retail brands.

CityMall, described as a “greenergized” mall, will be equipped with solar panels and rain water collection systems to conserve the environment and optimize efficiency.

CMCCI recently completed the acquisition of a 12,654-sqm piece of land on Arnaldo Boulevard in Roxas City which will be the site of the first CityMall. This is expected to be completed by December 2014.

Capital spending for this portfolio of community malls called “CityMall” will account for the bulk of proceeds from a P1.16-billion initial public offering planned by DoubleDragon, which recently filed with the Securities and Exchange Commission an application to sell 579.73 million new shares to the public at an offer price of up to P2 per share.

taken from http://business.inquirer.net/164249/sm-b...-mall-unit

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  TFHI - Top Frontier Investment Holdings Inc.
Posted by: Ollie - 01-13-2014, 03:47 PM - Forum: StockTraders' Lounge - Replies (15)

Top Frontier Investment Holdings, Inc. (TFHI) was incorporated and registered with the Securities and Exchange Commission on March 11, 2008 as a holding company.

On August 30, 2013, TFHI acquired 100% of the outstanding common stock of Clariden Holdings, Inc. (Clariden), a holding company with interests in exploration, mining and development. Clariden, through its subsidiaries, holds mining rights over an area of approximately 23,877 hectares located in the islands of Nonoc, Hanigad, and Awasan, Surigao City; and Basilisa and Cagdianao, Dinagat Island Province, within Parcel II and Parcel III of the Surigao Mineral Reservation under MPSA No. 072-97-XIII, expiring in 2022.

TFHI owns 66.09% of San Miguel Corporation (SMC), a company engaged in various industries such as beverage; food; packaging; properties; fuel and oil; energy; infrastructure; telecommunications; airline; mining; and banking.

Other than its ownership in SMC and Clariden, the Company has no other operations as of December 31, 2016.

Source: SEC Form 17-A (2016)

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Tongue FBI Traders - Full Blooded Ilocano Traders
Posted by: Ollie - 12-17-2013, 11:15 AM - Forum: StockTraders' Lounge - Replies (810)

...happy holidays

...Awán ti ngumáto a dínto bumabá.

...roll call sa mga Ilokano, Baguio traders

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  Frontier Oil Corp
Posted by: Ollie - 10-20-2013, 07:10 PM - Forum: StockTraders' Lounge - Replies (3)

...bagong IPO...thanks cleene for requesting

Frontier Oil IPO gets green light

The Securities and Exchange Commission has approved an initial public offering worth as much as P2.2 billion planned by exploration firm Frontier Oil Corp., which aims to fund drilling campaigns that would transform the firm’s business from exploration to an oil and gas production.

Based on documents from the SEC, Frontier Oil was given the go signal to offer 883.626 million common shares for as much as P2.50 per share, bringing to public hands about 33 percent of the company’s outstanding shares after the IPO.

“This will certainly bolster the confidence of the shareholders and the prospective investors in the company in what we can do to develop the huge potential of the Philippines’ oil and gas resources,” FOC chief executive Kristoffer Fellowes said in a press statement.

continue reading here http://business.inquirer.net/148151/fron...reen-light

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  Concepcion Industrial Corp.
Posted by: Ollie - 10-08-2013, 09:20 PM - Forum: StockTraders' Lounge - Replies (43)

...isa pa 'to, ok pa ba mga Concepcions?

SEC gives P2.7-B Concepcion Industries IPO the green light

The P2.7-billion initial public offering of Concepcion Industries next month was approved by the the Securities and Exchange Commission en banc Tuesday, SEC Commission Secretary Gerard Lukban told reporters.

In a filing with SEC, Concepcion Industries noted it will sell 74.96 million primary and secondary shares at P31.45 per share, with another 11.24 million shares for overallotment. The offer period was slated for Nov. 5 to Nov 11, with a listing date set for Nov. 15.

The home appliance maker said 70 percent of the offer shares will be allotted to overseas investors and 30 percent to domestic buyers.

continue reading here http://ph.news.yahoo.com/sec-gives-p2-7-...59009.html

Concepcion Industrial Corporation (CIC), formerly Concepcion Airconditioning Corporation (CAC), was incorporated on July 17, 1997 and served as a subsidiary of Concepcion Industries Inc. (CII). The Company is primarily a holding company which operates principally through its two subsidiaries, Concepcion-Carrier Air Conditioning Company and Concepcion Durables, Inc. CIC is a supplier of air conditioners, air conditioning solutions, and refrigerators, and is exploring a potential expansion into other consumer appliance products.

Through a restructuring in 2013, CII's ownership interest in CIC was transferred to three other entities. On May 8, 2013, CIC acquired CDI from CII. On June 20, 2013, CAC was renamed to its present name. The Company is part of the Concepcion group of companies, which includes interests in air conditioning, refrigeration, durable goods, communications, malls and real estate properties.

CIC has a range of solutions and after-market service across multiple international and Philippine brands including "Carrier", "Toshiba", "Condura" and "Kelvinator". These solutions are designed to serve a wide array of customers and structure types, from individuals and single families living in small residences to thousands of residents, visitors and workers spread across large residential towers and office buildings, entertainment facilities, and commercial and industrial warehouses and factories.

source http://edge.pse.com.ph/companyInformatio...mpy_id=648

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  Harbor Star Shipping Services Inc.
Posted by: Ollie - 09-27-2013, 10:01 AM - Forum: StockTraders' Lounge - Replies (224)

...as per request


Initial Public Offering - Final Offer Price

Date : September 25, 2013

This is with reference to Memorandum Nos. 2013-0333 and 2013-0239 dated September 17, 2013 and July 1, 2013, respectively, regarding the Initial Public Offering (“IPO”) of the common shares of HARBOR STAR SHIPPING SERVICES, INC. (“TUGS” or the “Company”).

In this regard, please be advised that, in the attached letter dated September 25, 2013, the Company informed the Exchange that the Final Offer Price of the Company’s IPO is ₱1.88 per share.

For your information and guidance


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  ETF -Exchange Traded Fund
Posted by: Ollie - 09-24-2013, 10:41 AM - Forum: StockTraders' Lounge - Replies (44)

...let's see about this

...I hope this becomes a success

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