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Page 16 - Cosco Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cosco Capital settles P4-B corporate notes

Cosco Capital settles P4-B corporate notes June 4, 2021 | 12:05 am LUCIO L. Co’s Cosco Capital, Inc. said that it had paid its P4-billion seven-year corporate notes to its creditors. In a regulatory filing on Thursday, Cosco Capital said it had settled its loan with the following: Land Bank of the Philippines, Rizal Commercial Banking Corp., Maybank Philippines, Inc., Robinsons Bank Corp., Security Bank Corp., and United Coconut Planters Bank. The company said the loan was used for its investment in liquefied petroleum gas distributor Liquigaz Philippines Corp. in 2014. It acquired Liquigaz from SHV Energy of the Netherlands. Cosco Capital said it sold Liquigaz in 2019 “at over three times the acquisition cost,” without disclosing figures.

Top execs support campaign to boost listing in PSE

SunStar + May 13, 2021 THE Philippine Stock Exchange Inc. (PSE) will be conducting a roundtable discussion entitled “The Road to IPO” on May 25, 2021 at 2 p.m. Top executives of PSE-listed firms will talk about their successful initial public offering (IPO) journey and share with potential listing applicants the benefits their companies enjoy from being listed at the PSE. This event aims to equip entrepreneurs and business owners with knowledge and insights on the process of going public from the perspective of those who have actually gone through it. Panelists Key panelists participating in “The Road to IPO” roundtable discussion are SM Investments Corp. chairman Jose Sio, Bank of the Philippine Islands president and chief executive officer Jose Teodoro Limcaoco, Puregold Price Club Inc. director and Cosco Capital Inc. president Leonardo Dayao and Wilcon Depot Inc. president and chief executive Lorraine Belo-Cincochan.

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