{"id":322906,"date":"2023-04-28T03:28:35","date_gmt":"2023-04-27T19:28:35","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=322906"},"modified":"2023-04-28T03:28:37","modified_gmt":"2023-04-27T19:28:37","slug":"rym-company-to-acquire-20-of-eei","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/rym-company-to-acquire-20-of-eei\/","title":{"rendered":"House Speaker Romualdez&#8217;s company to acquire 20% of EEI Corp."},"content":{"rendered":"\n<p>House of Investments (HI) reported in a stock exchange filing this week that it would sell 20% of of HI&#8217;s holdings in EEI Corp. (EEI) to the private holding company of the family of House Speaker Martin Romualdez, RYM Business Management Corp., for P1.25 billion.<\/p>\n\n\n\n<p>On the heels of a PSE disclosure from EEI that it is exiting the renewable energy business, through the sale of EEI&#8217;s share in PetroGreen, PetroSolar, and PetroWind to its affiliate PERC, EEI&#8217;s parent company House of Investments, Inc. (HI) also disclosed a series of transactions that further rationalizes the holdings of the Yuchengco Family as follows.<\/p>\n\n\n\n<figure class=\"gb-block-image gb-block-image-c2bc7e00\"><img loading=\"lazy\" decoding=\"async\" width=\"1482\" height=\"642\" class=\"gb-image gb-image-c2bc7e00\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-28-at-3.25.43-AM.png\" alt=\"\" title=\"Screenshot-2023-04-28-at-3.25.43-AM\" srcset=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-28-at-3.25.43-AM.png 1482w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-28-at-3.25.43-AM-1024x444.png 1024w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-28-at-3.25.43-AM-768x333.png 768w\" sizes=\"auto, (max-width: 1482px) 100vw, 1482px\" \/><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis and Recommendation<\/h2>\n\n\n\n<p>In addition to the sale to RYM Business Management Corp., HI will execute a share swap transaction with the Yuchengco family\u2019s private holdings companies in exchange for 77.3% of MICO Equities, Inc. (the holding company of non-life insurance firm Malayan Insurance), 51.0% of Sun Life Grepa Financial Inc. (the family\u2019s life insurance joint venture with Sun Life Financial), and 49% of Grepa Realty Holdings, Inc. (the Group\u2019s real estate holding company). <\/p>\n\n\n\n<p>HI will issue a total of 692.8-Mn shares at a subscription price of P22.71111 per share, to be taken out of the company\u2019s unissued outstanding shares and a P330-Mn increase in Authorized Capital Stock.<\/p>\n\n\n\n<p>House of Investments is a listed holding company whose business span construction (EEI), energy (PetroEnergy Resources Corp.), real estate (Landev Corp.), automotive (Honda and Isuzu) and education (Map\u00faa University).<\/p>\n\n\n\n<p>RYM, meanwhile, also holds shares in listed Bright Kindle Resources &amp; Investments, Inc. (BKR), Marcventures Holdings, Inc. (MARC), Benguet Corp. (BC, BCB) and Prime Media Holdings, Inc. (PRIM).<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a commentary on an important issue or event affecting the stock market<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-322906","post","type-post","status-publish","format-standard","hentry","category-special-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=322906"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322906\/revisions"}],"predecessor-version":[{"id":322909,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322906\/revisions\/322909"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=322906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=322906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=322906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}