News

Ayala Corp. raises P15B from re-issuance of preferred shares

AYALA Corp. (AC) has held a ceremonial bell ringing for the re-issuance of its Class “B” Series 2 preferred shares at the Philippine Stock Exchange (PSE) on Monday. Dec. 2, 2019. The shares were re-issued on the PSE on Nov. 29. AC, the holding company of the Ayala Group, raised P15 billion from its preferred shares re-issuance, which was 1.84 times oversubscribed. AC’s b...

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Mitsubishi eyes more collaboration with Ayala Group

MANILA, Philippines — Japan’s Mitsubishi Corp., is collaborating further with Ayala Corp. in the future even after reducing its stake in the Philippines’ oldest conglomerate. Mitsubishi has been a partner of Ayala since 1974, collaborating in various projects in the Philippines. The partnership is not likely to end, a representative from Mitsubishi said over the weekend....

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