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Golden Bria Holdings Inc.
#31
...will change its name from Golden Haven Memorial Park Inc. to just Golden Haven Inc.

http://edge.pse.com.ph/openDiscViewer.do...HCpbP.dpbs
NO TRADING TUESDAY AUGUST 21, 2018
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#32
...kinakargahan ng assets Smile

Golden Haven buys sister property firm

THE VILLAR GROUP is reorganizing its property business, disclosing on Wednesday that Golden Haven, Inc. will take over the operations of Bria Homes, Inc. — previously a mass housing unit under Vista Land & Lifescapes, Inc. (VLL).

In a disclosure to the stock exchange on Wednesday, Golden Haven said its board of directors approved the acquisition of Bria Homes from Cambridge Group, Inc., one of the six wholly owned subsidiaries of VLL.

The transaction was priced at P3.01 billion, comprising 9.99 million shares of Bria Homes at P301.42 apiece. This was based on the adjusted book value of Bria Homes as of end November.

Golden Haven and Cambridge Group signed the deed of absolute sale of shares for the transaction on Wednesday.

At the same time, the company’s board authorized the issuance of 150 million common shares to Cambridge group out of the unissued capital stock of Golden Haven by way of private placement. The shares were priced at P20.09 apiece for an aggregate subscription price of P3.01 billion. 

Golden Haven targets to submit the listing application to the Philippine Stock Exchange by Jan. 10, 2018, with listing of the common shares on the bourse by March 30, 2018.

The company will then increase its public float to 14.83% from the current 11.38%.

The funds raised from the private placement will be used to finance Golden Haven’s acquisition of Bria Homes.

Bria Homes’ core business is in the development of mass housing projects across the country. According to its website, it currently has a total of 27 developments in areas such as Bataan, Pampanga, Bulacan, Cavite, Laguna, Camarines Sur, Negros Oriental, Cagayan de Oro, and Misamis Oriental.

“The company believes the Bria acquisition will diversify its real estate business by entering into the mass housing market, accelerate growth and enhance profitability through the creation of additional revenue streams independent of its current business, allow the company to maximize the value of its land bank by providing other avenues for its utilization,” Golden Haven said.

The company added this acquisition will also build shareholder value.

Golden Haven last September changed its corporate name, dropping the words “memorial park” in order to allow the company to expand its business outside the death care industry. The company then said it will build efforts to enter other areas of the property sector in the future.

Golden Haven booked a net income attributable to the parent of P164 million in the first nine months of 2017, 21% higher year on year, as it recorded a 19% increase in revenues to P724 million during the period.


source: http://bworldonline.com/golden-haven-buy...erty-firm/
NO TRADING TUESDAY AUGUST 21, 2018
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#33
...ambilis nito Big Grin

Golden Haven renames to Golden Bria Holdings

Golden Haven Inc., the listed memorial developer of the Villar Group, has changed its name to Golden Bria Holdings Inc. as part of its diversification into mass housing.

In a disclosure to the Philippine Stock Exchange (PSE), Golden Haven said its board of directors approved the change in its corporate name in a meeting last week.

Golden Haven said this was meant to provide the company flexibility in undertaking the expansion of the company’s business.

Last year, Golden Haven chairman Manuel Villar Jr. said the company was diversifying into mass housing through the acquisition of housing developer Bria Homes Inc. through a share swap transaction valued at roughly P3 billion with Bria Home’s principal stockholder Cambridge Group Inc.

This paves the way for Golden Haven’s foray into mass housing and allows it to utilize its land bank.

“The company believes the acquisition of Bria Homes Inc. will diversify its real estate business by entering into the mass housing market, accelerate growth and enhance profitability through the creation of additional revenue streams independent of its current business, allow the company to maximize the value of its land bank by providing other avenues for its utilization, and build shareholder value,” Golden Haven said.

Golden Haven is a fast growing memorial company which has launched eight memorial park developments covering a total area of over 66 hectares across the country. 

The parks are in Zamboanga, Cagayan de Oro, Cebu, Iloilo, Bulacan, Cavite, Las Piñas, Pampanga and Nueva Vizcaya.

It made its debut in the local stock market in 2016. 

Cambridge is owned by Fine Properties, also of the Villars.

According to its website, Bria has a total of 27 developments across some of the country’s most progressive towns and cities like Bataan, Pampanga, Bulacan, Cavite, Laguna, Rizal, Camarines Sur, Samar, Negros Oriental, Misamis Oriental, Bukidnon, Davao del Norte, Davao del Sur, South Cotabato, and North Cotabato.


source: http://www.philstar.com/business/2018/02...a-holdings
NO TRADING TUESDAY AUGUST 21, 2018
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#34
...matindi 'to, from 20 to 260, para kang nanalo sa lotto Tongue  public float comes down from 15% to just 10%, yan dahilan kaya napakagaan paangatin ang stock price, insider din nagpaangat kaya napakaswerte nung shareholders nito

Golden Haven enters mass housing

GOLDEN HAVEN, Inc. is formalizing its entry into the mass housing sector after issuing P3.01 billion worth of shares out of its unissued authorized capital stock to Cambridge Group, Inc. (CGI).

In a disclosure to the stock exchange on Wednesday, the Villar-led firm said it has issued 150 million common shares at P20.0935 apiece to CGI by way of private placement. Golden Haven initially secured shareholder approval to increase its issued and outstanding shares last October 2017 to make the transaction possible.

The funds raised from the private placement will then be used to acquire housing developer Bria Homes, Inc., comprising 9.99 million shares at P301.42 apiece. CGI is a firm controlled by the Villar’s Fine Properties, Inc., and is the principal shareholder of Bria Homes.

Also led by the Villar group, Bria Homes develops mass housing projects across the country, with 27 projects in Bataan, Pampanga, Bulacan, Cavite, Laguna, Camarines Sur, Negros Oriental, Cagayan de Oro, and Misamis Oriental under its network.

The transaction will bring down Golden Haven’s public float to 10.59% from 14.84%.

The diversification into mass housing comes after Golden Haven changed in corporate name last September 2017, where it dropped the words “memorial park” in order to expand its core business outside the deathcare industry.

Following the plan to acquire Bria Homes, the company then changed its name to Golden Bria Holdings, Inc. last February, which it said would provide the company flexibility in undertaking its expansion plans. The company has yet to disclose when it will file with the Securities and Exchange Commission necessary documents for the name change.

Golden Haven saw its net income attributable to the parent increase 21% to P164 million in the first nine months of 2017, following a 19% growth in revenues to P724 million during the period.


source: http://bworldonline.com/golden-haven-ent...s-housing/
NO TRADING TUESDAY AUGUST 21, 2018
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#35
3-9

World’s top property stock of 2018 seen as a telecom play

Newly built medium and high-rise condos tower over a community by the Pasig River in Mandaluyong, Philippines. (Photo by Veejay VIllafranca / Bloomberg)
The performance of the world’s best property stock this year may have nothing to do with real estate.

Philippines-based Golden Haven Inc. has surged more than 1,400 percent this year, outpacing more than 2,700 other real-estate stocks globally. While the cemetery builder’s recent push into the affordable housing market is seen as part of the reason, an even bigger factor appears to be speculation that billionaire founder Manuel Villar Jr. may use it as a vehicle to become the country’s newest telecommunications carrier.

“Until the nation’s third major telecom player is named, the market will continue to speculate on the stock’s potential involvement with Villar’s push into telecoms,” said Rens Cruz, an analyst at Regina Capital Development Corp. “The stock has moved far ahead of fundamentals.”

The shares rose as much as 20 percent on Friday to a record high, adding to a rally that has driven the company’s market valuation to more P200 billion ($3.8 billion), overtaking all of the Philippines’s property stocks except SM Prime Holdings Inc. and Ayala Land Inc. The ascent has caused some market jitters, with volatility spiking over 300 percent in late-January. Calls to Villar and Golden Haven President Maribeth Tolentino went unanswered.

The Philippine government has invited bids for frequencies as part of its effort to open the telecommunications sector to new players beyond PLDT Inc. and Globe Telecom Inc. Analysts estimate combined revenue for the duopoly of over P300 billion this year. President Duterte plans to choose a third major carrier in May.

Villar, known as “Manny,” is a former senator, with deep family ties in politics, as well as holdings in various property-related companies. His wife Cynthia is a current senator and their son Mark is the Philippines’s public-works secretary. Another son, Manuel Paolo, is CEO of Vista Land & Lifescapes Inc., a home and mall builder operating in more than 133 towns and cities throughout the country.

The family’s Streamtech Systems Technologies Inc. is seeking a franchise from Congress to initially provide fixed-line broadband services to residential communities developed by Villar group companies. Golden Haven is in the process of changing its name to Golden Bria following its acquisition last December of Villar group low-cost housing firm Bria Homes Inc. A market hunch that it could be used as the listed vehicle for the family’s potential telecom foray have helped drive its shares, as well as those of another Villar holding, Starmalls Inc., which has surged 160 percent year-to-date.

“Until the real story is out and known, the market speculation isn’t going to stop as everything will be possible,” said James Lago, an analyst at PCCI Securities Brokers Corp.


source: https://businessmirror.com.ph/worlds-top...ecom-play/
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#36
4-10

Villar group set for diversification

After building a fortune through real estate development, the family of “brown taipan” Manuel Villar intends to venture into other capital-intensive businesses like telecommunications, integrated gaming and infrastructure.

These new businesses will be pursued outside publicly listed Vista Land & Lifescapes (VLL), company president Manuel Paolo Villar said last week.

In telecommunications, the family is vying for the chance to be the country’s third telco player and is now looking for prospective partners, Villar said.

“The family is looking seriously at getting involved in the telecom side,” Villar said. “When I say seriously, it’s possibly a national involvement.”

The Villars’ Streamtech Systems Technologies Inc. is seeking congressional franchise to provide a nationwide telco service. The application has hurdled the House of Representatives late last year and is now awaiting Senate approval.

Asked about rumors that Golden Bria Holdings—formerly Golden Haven which was rebranded to reflect plans to do business not just for the dead but also for the living—would be the Villars’ vehicle for the telco foray, Villar refused to make a comment.

Shares of Golden Bria have been sizzling in the stock market since January, defying market correction. It is now valued by the stock market at close to P194 billion as share price surged by 13.9 times from the end-2017 level to P303 each.

Asked why the group was interested in going into the telco business when other third players like the Gokongwei and San Miguel groups had both sold out, Villar said the group would come up with a business plan with the benefit of hindsight.

Being a property-based group may prove to be an advantage for the company and its plan to go into telecom.

“We have a lot of areas in the Philippines that we’re developing and could be used for telecom infrastructure,” he said.

Gaming is another area that the Villar family is “seriously looking” at outside Vista Land, Villar said.

“I think the prospect for responsible gaming is good. There’s market demand for that and the family has real estate assets that will be useful. It’s a solid business to be (in),” he said.

The Villar group is among those that have submitted applicants for gaming license to state-run Philippine Amusement & Gaming Corp. before Malacanang ordered a moratorium on the processing of new applications.

The group is also keen on investing in the infrastructure space but not in toll roads, Villar said.

Villar’s brother, Mark, is current public works and highways secretary and it was thus implied that the group would stay away from public toll road projects to avoid conflict of interest.

The family is keen on projects that will contribute to national development, adding that airport development is one possibility.


source: http://business.inquirer.net/248881/vill...sification
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#37
8-17

...shempre dodoble, hindi na lang ito Golden Haven eh...may Golden Bria Homes na rin kasi Tongue

Golden Bria income nearly doubles in 2nd quarter

GOLDEN BRIA Holdings, Inc. nearly doubled its net income in the second quarter of 2018, as the company continues to expand its presence in the country.

In a regulatory filing, the Villar-led firm said net income climbed to P357 million from April to June, 92% higher than the P185 million it generated in the same period a year ago. This followed a 62% increase in revenues to P1.44 billion.

This brought Golden Bria’s net income 87% higher to P596 million in the first half of 2018, as revenues likewise jumped 55% to P2.6 billion.

Golden Bria — whose businesses include death care through Golden Haven, Inc. and mass housing through Bria Homes, Inc., saw real estate sales account for 97% of the company’s total revenues. This was due to the 55% uptick in sales of both residential units and memorial lots for the period.

Interment income grew 25% to P15.8 million due to the increase in the number of services rendered during the six-month period.

“Growing the nationwide presence of both Golden Haven and Bria Homes is our focus for this year,” Golden Bria Chairman Manuel B. Villar, Jr. was quoted as saying in a statement.

Mr. Villar noted the company expanded to more than 50 locations last year. Bria Homes has a total of 40 residential projects across more than 550 hectares in 37 cities and municipalities. Meanwhile, Golden Haven has 18 memorial park developments covering over 130 hectares.

Golden Bria remains bullish in its prospects for the remaining half of the year.

“The company is looking to focus mainly on the development and aggressive expansion of current projects done in parallel with continued efforts in active land acquisition for both Golden Haven and Bria Homes,” Golden Bria said.


source: http://www.bworldonline.com/golden-bria-...d-quarter/
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