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Aboitiz Construction expanding via 'Big Shift' – Manila Bulletin

Aboitiz Construction expanding via 'Big Shift' – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Aboitiz Construction Expands Operations Through 'Big Shift' Strategy In First Half

Aboitiz Construction Expands Operations Through 'Big Shift' Strategy In First Half
journal.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal.com.ph Daily Mail and Mail on Sunday newspapers.

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YTL Corp eyeing Republic Cement & Building Materials in the Philippines

YTL Corp eyeing Republic Cement & Building Materials in the Philippines
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AboitizLand sells 50% stake in Cebu property developer

BusinessWorld
May 4, 2021 | 12:08 am
Shares owned by AboitizLand will be sold to Ixidor Holdings, Inc.
“The transaction is aligned with the Aboitiz group’s strategic direction for its residential real estate business of focusing on horizontal projects,” AEV disclosed to the exchange on Monday.
Cebu Homegrown Development is said to be a joint venture of AboitizLand with Visayas-Mindanao property developer Cebu Landmasters, Inc., which focuses on developing mixed-use vertical projects in Cebu.
The transaction comprises P430,000 for 43 million common shares priced at one centavo apiece, P379,965,833.04 for 387 million redeemable preferred shares without additional paid-in capital (APIC) sold at P0.98 each, and P228,604,166.96 for five million redeemable preferred shares APIC priced at P45.72 per share. ....

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Aboitiz Equity posts 276% rebound in Q1, nets P7.6B

Published April 29, 2021 11:49am
Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw a massive recovery in the first quarter of 2021, on the back of strong performance across its businesses.
In a disclosure to the Philippine Stock Exchange, AEV reported a consolidated net income of P7.6 billion for the January to March period, up 276% from the P2 billion recorded in the same period in 2020.
“The first quarter of 2021 is solid proof that the Aboitiz Group is already making headway in its recovery and growth plans for the year,” said Sabin Aboitiz, Aboitiz Group president and CEO.
The company said its power business accounted for 58% of the total income contributions during the period while financial services accounted for 29%. ....

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