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The Lucio Tan Group has offered to buy out the minority shareholders of national flag carrier Philippine Airlines Inc. (PAL) at a steep discount as it formally launched a voluntary tender offer.

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                    [Title] => PAL Holdings to remain listed – Tan
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Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders of the national flag carrier.

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The parent firm of flag carrier Philippine Airlines (PAL) – jointly owned by taipan Lucio Tan and diversified conglomerate San Miguel Corp. (SMC) – has complied with the 10-percent minimum public float requirement of the Philippine Stock Exchange (PSE).

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                    [Title] => PAL Holdings to hike capital
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Publicly-listed PAL Holdings Inc., the parent firm of national flag carrier Philippine Airlines (PAL), is further beefing up its capital stock by another 30 percent to beef up its capitalization to fund the airline’s ongoing re-fleeting program.

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CECILIA PESAYCO

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abtest

Tan to buy out PAL minority owners

By Lawrence Agcaoili | October 23, 2014 - 12:00am

The Lucio Tan Group has offered to buy out the minority shareholders of national flag carrier Philippine Airlines Inc. (PAL)...

Business

PAL Holdings to remain listed – Tan

By Lawrence Agcaoili | October 21, 2014 - 12:00am

Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders...

Business

SEC okays PAL bid to issue more shares to comply with minimum public float

By Lawrence Agcaoili | July 2, 2013 - 12:00am

The Securities and Exchange Commission (SEC) has given the parent firm of national flag carrier Philippine Airlines (PAL) the green light to raise its authorized capital stock to issue more shares in compliance with...

Business

PAL beats PSE deadline on 10% public float rule

By Lawrence Agcaoili | June 28, 2013 - 12:00am

The parent firm of flag carrier Philippine Airlines (PAL) – jointly owned by taipan Lucio Tan and diversified conglomerate San Miguel Corp. (SMC) – has complied with the 10-percent minimum public float...

Business

PAL Holdings to hike capital

By Lawrence Agcaoili | June 26, 2013 - 12:00am

The parent firm of national flag carrier Philippine Airlines (PAL) is seeking the green light from the Securities and Exchange Commission (SEC) to beef up its capital stock to comply with the minimum public ownership...

Business

PSE confirms Tan shopping for buyer for PAL stake

By Louella Desiderio | June 12, 2013 - 12:00am

Tycoon Lucio Tan is in talks with interested investors for the sale of its majority stake in the flag carrier.

Business

PAL parent firm raising capital to P30B

By Lawrence Agcaoili | February 6, 2013 - 12:00am

Publicly-listed PAL Holdings Inc., the parent firm of national flag carrier Philippine Airlines (PAL), is further beefing up its capital stock by another 30 percent to beef up its capitalization to fund the airline’s...

Business

SEC okays PAL capital restructuring

By Lawrence Agcaoili | January 26, 2013 - 12:00am

The Securities and Exchange Commission (SEC) has approved the capital restructuring of national flag carrier Philippine Airlines (PAL) to accommodate the entry of diversified conglomerate San Miguel Corp. (SMC) and...

Business

SEC okays capital hike of PAL Holdings

By Lawrence Agcaoili | December 22, 2012 - 12:00am

Publicly-listed PAL Holdings Inc., the parent firm of national flag carrier Philippine Airlines (PAL), has been given the green light by the Securities and Exchange Commission (SEC) to beef up its capitalization...

Business

SEC thumbs down PAL request for rule deadline

By Lawrence Agcaoili | December 21, 2012 - 12:00am

The Securities and Exchange Commission (SEC) has denied the request of PAL Holdings Inc. – the parent firm of national flag carrier Philippine Airlines (PAL) - for an extension in the compliance with the minimum...

Business