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AC ( 06/23/2000 : PSE )
Please be informed that at its meeting held this morning, 22 June 2000,
the Board of Directors of Ayala Corporation declared from the
unappropriated retained earnings of the Corporation as of 31
December 1999, a regular cash dividend of P0.03 per share
corresponding to the first semester ending 30 June 2000, to all
outstanding shares of the Company's capital stock as of record date
31 July 2000, payable on 30 August 2000. The Stock and Transfer
Books of the Company will be closed for the transfer of shares from
25 July 2000 to 31 July 2000. The details of the said cash dividend are
as follows:
CASH DIVIDEND
CASH = P0.03 per share
EX-CASH = July 25, 2000
RECORD DATE = July 31, 2000
DATE PAYABLE = August 30, 2000
AC ( 06/23/2000 : AFX )
Ayala Corp said it will pay a cash dividend of 0.03 peso per share to shareholders on record as of July 31. The dividend will be paid on Aug 30 with the ex-date at July 25.
AC ( 06/21/2000 : PDI )
Singapore-based Ayala International Holdings Ltd., the regional property vehicle of the Ayala group, has established a new overseas subsidiary that would tap investment opportunities in Japan. In a disclosure to the Philippine Stock Exchange yesterday, Ayala Corp. managing director and head of strategic planning Rufino Luis Manotok said AIHL has incorporated a wholly owned subsidiary in the British Virgin Islands known as Follet International Ltd. He said Follet's maiden investment would be to provide about P2 B (five billion yen) in fresh funding to a company with interests in the Japanese real estate business. Follet will co-invest with Grosvenor Ltd. in Hong Kong, the Asian arm of UK-based international property and investment group Grosvenor Estate Holdings., and Uni-Asia Finance Corp. in the performance notes to be issued by AP Real Estate C.I. Follet's investment will represent a 48-percent subscription to AP's performance notes while the rest will be taken by Grosvenor and Uni-Asia Finance Corp. "The proceeds from the performance notes will be used by AP to acquire residential properties in Japan," Manotok said. The performance notes to be issued by AP will have a maturity of five years with a commitment period of three years. "The above investment is in line with the company's plan to transform the company into a regional property company and is not expected to have any material impact on the net tangible assets or earnings per share of the company for the year ending 31 December 2000," Manotok said. AIHL was acquired by the Ayala group to capture fresh opportunities within the Asian region, not just in Hong Kong but also in Singapore and Japan. It was formerly known as TLB Land, a company listed on the Singapore Stock Exchange which was acquired by the Ayala group late last year to serve as its listing entry in foreign markets. The company earlier entered into a joint venture with two Hong Kong-based companies, Bondax Holdings Ltd. and Westrata Property Development Ltd., for the development of a luxury residential apartment in the former British Crown colony. The Ayala group's foreign investments are expected to set a new direction and strategy in establishing its name in the region and internationally.
AC ( 06/20/2000 : PSE )
Ayala Corporation (AC) informed the Exchange that Ayala International Holdings Limited (the Company), an offshore subsidiary of Ayala Corporation (AC) registered and listed in Singapore, has established a wholly-owned subsidiary in British Virgin Islands known as Follett International Limited (Follet). Follet will invest with Grosvenor Limited (Grosvenor), the Asian arm of Grosvenor Estate Holdings and Uni-Asia Finance Corporation (Uni-Asia) in performance notes to be issued by AP Real Estate C.I. (AP). The performance notes will have a maturity period of five (5) years with a commitment period of three (3) years. The proceeds from the performance notes will be used by AP to acquire residential properties in Japan. Up to Japanese Yen 5 Billion (SGD80 Million) worth of performance notes will be issued by AP to Follet, Grosvenor and Uni-Asia over 5 years. Follet will subscribe to 48% of the performance notes. The above investment is in line with the Company's plan to transform the Company into a regional property company and is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the year ending 31 December 2000.
AC ( 06/20/2000 : BW )
Six of the Philippines' business conglomerates yesterday launched the country's first major e-procurement initiative, oozing with confidence their joint foray into the New Economy will improve their stamina in a globalized market where price comparisons transcend national borders. President Estrada witnessed the signing of the memorandum of understanding by members of the consortium at the Makati Shangri-La Hotel in central Metropolitan Manila and cited the potential of the purchasing exchange to increase price transparency, "hereby allowing the full utilization of market forces for setting the best prices for our consumers." Present to sign the memorandum of agreement were Erramon I. Aboitiz for Aboitiz Equity Ventures; Jaime Augusto Zobel de Ayala II for Ayala Corp.; Eugenio Lopez III for Benpres Holdings; Lance Y. Gokongwei for JG Summit Holdings, Inc.; Manuel V. Pangilinan for the Philippine Long Distance Telephone Co.; and Joselito D. Campos for United Laboratories. Mr. Estrada said in his speech the e-procurement company "will give life to my vision of the Philippines as the preferred information technology hub in Asia." On the other hand, Trade and Industry Secretary Manuel A. Roxas II said the e-procurement exchange is something that the Department of Budget and Management (DBM) can emulate to make government transactions transparent. Mr. Estrada said such an exchange should enhance price transparency. Mr. Roxas added it can narrow the economic gap between consumers and end-users and make iddlemen obsolete. He estimated that as much as 200 B Philippine pesos ($4.689 B at PhP42.649=$1) of the national government's procurement requirements can be addressed by such an exchange. The six partners will have equal ownership of the new company, initially capitalized at PhP1 B ($0.023 B) to sustain the firm's operations for the next three years.
AC ( 06/19/2000 : PSE )
Please be informed that Ayala Corporation will sign today with the Aboitiz, Gokongwei, Lopez, PLDT and United Laboratories groups a Memorandum of Understanding that will govern the formation of the proposed electronic procurement (e-procurement) company, a B2B application using the Internet. The still unnamed company is proposed to be initially capitalized at P1 B. The group is looking at a November target for start-up operations. The shareholders agreement is still in the process of final formulation for approval by the respective boards of the founding companies. This Internet-based electronic purchasing exchange would be particularly useful for local companies regardless of size by giving them the ability to purchase a wide variety of products (ranging from simple office supplies to large capital items) at the best prices and quality. The services of the company will be open to the general business sector, with the founding incorporators assuring it of sufficient purchasing volume to provide the consortium with the initial critical mass such an endeavor requires. The proposed electronic purchasing exchange would be a virtual marketplace that will match buyers and suppliers. The combined purchasing volume is expected to generate lower prices and better products and service quality from the most reliable suppliers. Small enterprises would benefit from the exchange by being able to avail of the volume discounts negotiated by the procurement site. Suppliers, specially the small ones, will also benefit as they gain easy access to the procurement business of large and small buyers throughout the Philippines and eventually, the region. Organizers of the e-procurement exchange explain that the initiative will help spur greater efficiencies around the procurement process for buyers and suppliers. the savings will result in better prices for the end-consumer. The site would employ a range of purchasing models (on-line catalogues, on-line bidding). It also expects to expand or link up with similar ventures across the region. the organizers say this initiative is the most substantive move of the Philippines thus far, in actively participating in the New Economy through e-commerce initiative. It also highlights a definite effort of the Philippine private sector to gear themselves and their workers to compete in a globalized market.
AC ( 06/19/2000 : PSE )
Please be informed that Ayala Corporation will sign on 19 June 2000 with the Aboitiz, Gokongwei, Lopez, PLDT and United Laboratories groups a Memorandum of Understanding that will govern the formation of the proposed electronics procurement (e-procurement) company, a B2B application using the Internet. The still unnamed company is proposed to be initially capitalized at PhP1 B. The group is looking at a November target for start-up operations. The shareholders agreement is still in the process of final formulation for approval by the respective boards of the founding companies. This internet-based electronic purchasing exchange would be particularly useful for local companies regardless of size by giving them the ability to purchase a wide variety of products (ranging from simple office supplies to large capital items at the best prices and quality. The services of the company will be open to the general business sector, with the founding incorporators assuring it of sufficient purchasing volume to provide the consortium with the initial critical mass such an endeavor requires. The consortia follows the pattern set by other global players. In the automotive industry, GM, Ford, Daimler Chrysler, Nissan and others have formed the Covisint consortium. In aerospace, Boeing, Lockheed, Raytheon and British Aerospace have organized their own consortium. In electronics, Hitachi, IBM, LG Electronics, Matsushita Electric, Nortel Networks, Seagate Technology, Solectron Corp. and Toshiba have recently launched e2open.com. At least three similar consortia have been established in Asia, one each in Singapore (SESAMi), Hong Kong (ASIAB2.com) and Taiwan (COM2B). The proposed electronic purchasing exchange would be a virtual marketplace that will match buyers and suppliers. The combined purchasing volume is expected to generate lower prices and better product and service quality from the most reliable suppliers. Small enterprises would benefit from the exchange by being able to avail of the volume discounts negotiated by the procurement site. Suppliers, specially the small ones, will also benefit as they gain easy access to the procurement business of large and small buyers throughout the Philippines and eventually, the region.
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