AbaCore doesn’t know foreign firm buying up its shares

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 94%

Abacore News

AbaCore Capital was asked by the SEC to comment on a March 5 article in BusinessWorld, entitled “AbaCore secures $1.6-M investment from Singapore-based firm”.

], entitled “AbaCore secures $1.6-M investment from Singapore-based firm”. In the article, BusinessWorld quoted ABA talking about the Singaporean investor as being “long-term oriented” and based in “emerging Asia”. ABA also mentions that the investor bought $1.6 million worth of ABA shares, and plans to buy up to $4 million more. In its clarification to the SEC, however, ABA struck a different tone.

Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.Ramon Aboitiz Foundation Inc.

Hann Resorts is rumored to be exploring a possible IPO of its casino resort business. HANN is owned by Hann Philippines...Jollibee recently released a statement to say that it has initiated “response protocols” to deal with a data leak...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Greenergy caps investment in RE unit after SEC nodListed Greenergy Holdings Inc. has completed its P480-million investment into subsidiary Winsun Green Ventures Inc. following regulatory approval on the latter’s capital stock hike.
Source: PhilstarNews - 🏆 1. / 94 Read more »

SEC shuts down 6 lending companiesDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »