EDC Tender Offer

Last August 3, 2017, Energy Development Corporation (“EDC”) requested for a voluntary trading suspension. It received a notice of tender offer from Philippines Renewable Energy Holdings Corporation (“PREHC”) to acquire 6.6 to 8.9 billion common shares, representing up to a third (31.7%) of it’s total outstanding common shares at a price of P7.25 per share.…

STOCK REVIEW: RRHI

Robinsons Retail Holdings Inc (RRHI) finally debuted last November 11, 2013. IPO price was set at 58 pesos but went for as low as 53.6 pesos (-7.59%) on opening day before closing at 56.5 pesos (-2.59%). It was the first trading day after Super Typhoon Haiyan devastated the fastest growing economy in Southeast Asia.  RRHI…