Commission Decision No. 31-M-051/2017 Acquisition of Presage Corporation of shares in Negros Island Biomass Holdings, Inc. ABSTRACT: Presage Corporation (“Presage”), a wholly-owned subsidiary of AC Energy Holdings, Inc, intends to acquire Negros Island Biomass Holdings, Inc. (“Islabio”). Islabio owns shares in three (3) subsidiaries—namely, the South Negros Biopower, Inc.; North Negros Biopower, Inc.; and San… continue reading ››

Commission Decision No. 30-M-038/2017 Acquisition by Lafarge Holdings (Philippines), Inc. of shares in Bulacan Holdings, Inc.   ABSTRACT: This notification relates to the transaction between Lafarge Holdings (Philippines), Inc. and Teresa Equity Holdings, Inc. pursuant to a letter of intent dated August 21, 2017, involving the acquisition by Lafarge Holdings (Philippines), Inc. of the 60%… continue reading ››

Commission Decision 29-M-036/2017 Acquisition by Chelsea Logistics Holdings Corp. of Shares of Stock of Starlite Ferries Inc.   ABSTRACT:   The Notified Transaction involves the proposed acquisition by Chelsea Logistics Holdings Corp. (CLHC) of shares of stock of Starlite Ferries, Inc. (Starlite). CLHC is a Philippine-registered holding company which, through its wholly-owned subsidiaries, engages in… continue reading ››

Commission Decision No. 28-M-037/2017 Joint Venture by Federal Land, Inc. and Orix Risingsun Properties, Inc   ABSTRACT: Federal Land, Inc, leading Philippine real estate developer and wholly-owned subsidiary of GT Capital Holdings, Inc. shall be entering into a joint venture with Orix Risingsun Properties, Inc. The joint venture shall be undertaken by the Parties for… continue reading ››

Commission Decision No. 27-M-035/2017: Acquisition by Clark Global City Corporation of shares in GGDC Holdings   ABSTRACT Clark Global City Corporation (CGCC), an affiliate of Udenna Corporation (Udenna), intends to acquire the entire outstanding capital stock of GGDC Holdings, a company incorporated in the Cayman Islands. GGDC Holdings is the majority shareholder of Global Gateway… continue reading ››

Commission Decision No. 26-M-033/2017: Acquisition by Qualcomm River Holdings B.V. of shares in NXP Semiconductors N.V.   Abstract: Qualcomm River Holdings B.V (“Qualcomm River”), a company organized under the laws of The Netherlands and a subsidiary of Qualcomm Incorporated, a Delaware corporation, intends to acquire all the issued and outstanding common shares of NXP Semiconductors… continue reading ››

Commission Decision No. 25-M-034/2017 Acquisition by Weldon Offshore Strategic Ltd. Inc. of shares in TWA Inc.   Abstract: Weldon Offshore Strategic Limited Incorporated (“Weldon”), a domestic corporation duly organized and existing under the laws of the Republic of the Philippines and a holding company, intends to acquire One Hundred Percent (100%) of the total issued… continue reading ››

Commission Decision No. 24-M-031/2017 Acquisition by Global Business Power Corporation of shares in Alsons Thermal Energy Corporation   Abstract: Global Business Power Corporation, a leading power producer in the Visayas Region and Mindoro Island, will acquire 50% minus one share of the total voting and total outstanding capital stock in Alsons Thermal Energy Corporation (“ATEC”)… continue reading ››

Commission Decision No. 22-M-030-2017 Acquisition by JT International SA and JT International (Philippines) Inc. of the Assets of Mighty Corporation and Wong Chu King Holdings Inc.   ABSTRACT: Japan Tobacco International (Philippines) Inc. (“JTIP”), as purchaser, and Mighty Corporation (“MC”) and Wong Chu King Holdings Inc. (“WCKH”), as sellers, have entered into a preliminary binding… continue reading ››

Commission Decision No. 23-M-029-2017 Joint Venture by Rockwell Land Corporation and Mitsui Fudosan (Asia) Ptd. Ltd.   ABSTRACT: This transaction involves the joint venture between Rockwell Land Corporation (“Rockwell”) and Mitsui Fudosan (Asia) Pte. Ltd. (“MFA”) to engage in the development, construction and sale of real estate projects in the Philippines through the joint venture… continue reading ››