Commission Decision No. 33-M-055/2017 Acquisition by ACEHI-Star Holdings Inc. of Shares of Chevron Geothermal Philippines Holdings LLC

Commission Decision No. 33-M-055/2017 Acquisition by ACEHI-Star Holdings Inc. of Shares of Chevron Geothermal Philippines Holdings LLC   ABSTRACT: Allfirst Equity Holdings, Inc. (Allfirst) intends to consolidate full ownership of Philippine Geothermal Production Company, Inc. (PGPC), a domestic company engaged in geothermal energy production, by acquiring through its affiliate ACEHI Star Holdings, Inc. (ACEHI-Star) the… continue reading ››

Commission Decision No. 34-M-054/2017 Acquisition by TKP Salcedo Holding Corp. of Shares in Taisei Philippine Construction Inc.

Commission Decision No. 34-M-054/2017 Acquisition by TKP Salcedo Holding Corp. of Shares in Taisei Philippine Construction, Inc.   ABSTRACT: This notification relates to the transaction between TKP Salcedo Holding Corp. (“TKP”) and Taisei Philippine Construction, Inc. (“TPCI”). TKP intends to subscribe to 187,500 shares of stock of TPCI (the “Transaction”). Both parties are corporations duly organized and existing… continue reading ››

Commission Decision No. 32-M-052/2017 Acquisition by K.K. Pangea of Shares of Toshiba Memory Corporation

Commission Decision No. 32-M-052/2017 Acquisition by K.K. Pangea of Shares of Toshiba Memory Corporation   ABSTRACT: Bain Capital Investors, LLC (“Bain Capital”) intends to acquire sole control of Toshiba Memory Corporation (“Toshiba Memory”). Bain Capital is a company organised under United States law and the ultimate general partner of numerous private equity funds, each of… continue reading ››

Commission Decision No. 31-M-051/2017 Acquisition of Presage Corporation of shares in Negros Island Biomass Holdings, Inc.

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 29-M-036/2017 Acquisition by Chelsea Logistics Holdings Corp. of Shares of Stock of Starlite Ferries Inc.

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

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

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. 25-M-034/2017 Acquisition by Weldon Offshore Strategic Ltd. Inc. of shares in TWA Inc.

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

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 ››