+ Follow ABOITIZ SHIPPING CORP Tag
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[ArticleID] => 255717
[Title] => Aboitiz Transport shareholders okay capital hike to P2.375-B
[Summary] => Shareholders of Aboitiz Transport System Corp. (formerly WG&A) approved yesterday the planned increase in the shipping firm’s capital stock to P2.375 billion from P1.625 billion.
At the same time, the ATS shareholders ratified the resolution approved by the board of directors last February to decrease the authorized redeemable preferred shares from 150.29 million shares to 75.38 million shares.
[DatePublished] => 2004-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 218865
[Title] => WG&A absorbs operations of Cebu Ferries Corp
[Summary] => WG&A , the country’s largest shipping firm, will absorb the operations of its wholly-owned subsidiary Cebu Ferries Corp. as part of continuing efforts to improve operational efficiencies, the company told the Philippine Stock Exchange.
In a disclosure, WG&A said its board of directors decided to transfer to the company the shipping operations of CFC on or before Nov. 1.
CFC operates five vessels which it charters from WG&A.
The move is in line with efforts to streamline operations and cut on costs, WG&A said.
[DatePublished] => 2003-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 215799
[Title] => WG&A earmarks P2B for new vessels, ICT upgrade
[Summary] => WG&A, the country’s largest and most profitable shipping firm, has earmarked as much as P2 billion for the acquisition of new vessels and the improvement of its computer system.
In an interview with reporters yesterday, WG&A president Enrique "Endika" Aboitiz said the bulk of the capital budget or P1.2 billion is being spent for the acquisition of two new ships – Superferry 17 and 18 – to support President Arroyo’s Strong Republic Nautical Highway (SRNH).
[DatePublished] => 2003-08-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 186388
[Title] => Aboitiz completes acquisition of WG&A
[Summary] => Aboitiz Equity Ventures Inc. (AEV) has taken over 91 percent of the listed shipping line WG&A after the recent completion of the mandatory tender offer to the minority shareholders worth P1.862 billion.
In a disclosure to the Philippine Stock Exchange, AEV assistant corporate secretary Elsa Divinagracia said the company has concluded the buy-out of WG&A, which it will soon rename to Aboitiz Transport Group Inc., with the additional purchase of some 467.7 million shares at P3.98 each.
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185085
[Title] => WG&A to acquire 2 vessels for $16M
[Summary] => Fresh from a change in ownership control, domestic shipping line William, Gothong and Aboitiz Inc. (WG&A) will acquire two more vessels worth $16 million to augment its present fleet and expand its services for both passenger and cargo handling.
Ismael Cabonse, WG&A’s acting corporate information officer, said the company’s board approved the direct purchase of the vessels from Japan’s Meimon Taiyo Ferry Co. Ltd., an affiliate of the global shipping giant Mitsui O.S.K. Lines Ltd.
[DatePublished] => 2002-11-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 181154
[Title] => WG&A income down to P250.9-M in 1st 9 months
[Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.
Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 181022
[Title] => WG&A net profit down to P250.9M in 1st 9 months
[Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.
Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.
[DatePublished] => 2002-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 179535
[Title] => Aboitiz to acquire 20% of SQL*Wizard
[Summary] => The Aboitiz family, through William Gothong & Aboitiz Inc. (WG&A) and Aboitiz One Inc., will acquire 20 percent of listed software service firm SQL*Wizard Inc. for P14 million or P3.50 per share.
In a disclosure to the Philippine Stock Exchange yesterday, SQL said WG&A and Aboitiz One have agreed to acquire two million shares each or a combined total of four million shares being offered by majority shareholders of the software firm. The shares offered represent 20 percent of SQL’s outstanding capital stock.
[DatePublished] => 2002-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 177204
[Title] => Aboitiz set to complete buyout of WG&A
[Summary] => The Aboitiz group will be completing its buyout of the listed shipping line WG&A Inc. through a mandatory tender offer it will submit to the Securities and Exchange Commission (SEC), a top official said.
Aboitiz Equity Ventures (AEV) corporate secretary Eugeniano Perez III said the company’s board has approved the tender offer application to the remaining stockholders after it bought out its partners in WG&A for P3.65 billion last August.
[DatePublished] => 2002-09-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 175143
[Title] => Aboitiz to make tender offer to WG&A minority shareholders
[Summary] => Aboitiz Equity Ventures Inc. (AEVI) said it will make a tender offer to minority shareholders of William, Gothong & Aboitiz Inc. following its acquisition of a controlling interest in WG&A.
The Aboitiz group has agreed to purchase the combined 61-percent shareholdings of its partners – the Chiongbian and Gothong families – at P3.98 per share or for a total price of P3.65 billion.
Upon completion of the share purchase, the Aboitiz Group will increase its stake in the listed shipping firm to 92 percent from only 31 percent.
[DatePublished] => 2002-09-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
ABOITIZ SHIPPING CORP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 255717
[Title] => Aboitiz Transport shareholders okay capital hike to P2.375-B
[Summary] => Shareholders of Aboitiz Transport System Corp. (formerly WG&A) approved yesterday the planned increase in the shipping firm’s capital stock to P2.375 billion from P1.625 billion.
At the same time, the ATS shareholders ratified the resolution approved by the board of directors last February to decrease the authorized redeemable preferred shares from 150.29 million shares to 75.38 million shares.
[DatePublished] => 2004-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 218865
[Title] => WG&A absorbs operations of Cebu Ferries Corp
[Summary] => WG&A , the country’s largest shipping firm, will absorb the operations of its wholly-owned subsidiary Cebu Ferries Corp. as part of continuing efforts to improve operational efficiencies, the company told the Philippine Stock Exchange.
In a disclosure, WG&A said its board of directors decided to transfer to the company the shipping operations of CFC on or before Nov. 1.
CFC operates five vessels which it charters from WG&A.
The move is in line with efforts to streamline operations and cut on costs, WG&A said.
[DatePublished] => 2003-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 215799
[Title] => WG&A earmarks P2B for new vessels, ICT upgrade
[Summary] => WG&A, the country’s largest and most profitable shipping firm, has earmarked as much as P2 billion for the acquisition of new vessels and the improvement of its computer system.
In an interview with reporters yesterday, WG&A president Enrique "Endika" Aboitiz said the bulk of the capital budget or P1.2 billion is being spent for the acquisition of two new ships – Superferry 17 and 18 – to support President Arroyo’s Strong Republic Nautical Highway (SRNH).
[DatePublished] => 2003-08-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 186388
[Title] => Aboitiz completes acquisition of WG&A
[Summary] => Aboitiz Equity Ventures Inc. (AEV) has taken over 91 percent of the listed shipping line WG&A after the recent completion of the mandatory tender offer to the minority shareholders worth P1.862 billion.
In a disclosure to the Philippine Stock Exchange, AEV assistant corporate secretary Elsa Divinagracia said the company has concluded the buy-out of WG&A, which it will soon rename to Aboitiz Transport Group Inc., with the additional purchase of some 467.7 million shares at P3.98 each.
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185085
[Title] => WG&A to acquire 2 vessels for $16M
[Summary] => Fresh from a change in ownership control, domestic shipping line William, Gothong and Aboitiz Inc. (WG&A) will acquire two more vessels worth $16 million to augment its present fleet and expand its services for both passenger and cargo handling.
Ismael Cabonse, WG&A’s acting corporate information officer, said the company’s board approved the direct purchase of the vessels from Japan’s Meimon Taiyo Ferry Co. Ltd., an affiliate of the global shipping giant Mitsui O.S.K. Lines Ltd.
[DatePublished] => 2002-11-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 181154
[Title] => WG&A income down to P250.9-M in 1st 9 months
[Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.
Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 181022
[Title] => WG&A net profit down to P250.9M in 1st 9 months
[Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.
Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.
[DatePublished] => 2002-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 179535
[Title] => Aboitiz to acquire 20% of SQL*Wizard
[Summary] => The Aboitiz family, through William Gothong & Aboitiz Inc. (WG&A) and Aboitiz One Inc., will acquire 20 percent of listed software service firm SQL*Wizard Inc. for P14 million or P3.50 per share.
In a disclosure to the Philippine Stock Exchange yesterday, SQL said WG&A and Aboitiz One have agreed to acquire two million shares each or a combined total of four million shares being offered by majority shareholders of the software firm. The shares offered represent 20 percent of SQL’s outstanding capital stock.
[DatePublished] => 2002-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 177204
[Title] => Aboitiz set to complete buyout of WG&A
[Summary] => The Aboitiz group will be completing its buyout of the listed shipping line WG&A Inc. through a mandatory tender offer it will submit to the Securities and Exchange Commission (SEC), a top official said.
Aboitiz Equity Ventures (AEV) corporate secretary Eugeniano Perez III said the company’s board has approved the tender offer application to the remaining stockholders after it bought out its partners in WG&A for P3.65 billion last August.
[DatePublished] => 2002-09-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 175143
[Title] => Aboitiz to make tender offer to WG&A minority shareholders
[Summary] => Aboitiz Equity Ventures Inc. (AEVI) said it will make a tender offer to minority shareholders of William, Gothong & Aboitiz Inc. following its acquisition of a controlling interest in WG&A.
The Aboitiz group has agreed to purchase the combined 61-percent shareholdings of its partners – the Chiongbian and Gothong families – at P3.98 per share or for a total price of P3.65 billion.
Upon completion of the share purchase, the Aboitiz Group will increase its stake in the listed shipping firm to 92 percent from only 31 percent.
[DatePublished] => 2002-09-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 24, 2002 - 12:00am
September 24, 2002 - 12:00am
