{"id":329125,"date":"2024-08-22T00:50:02","date_gmt":"2024-08-21T16:50:02","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329125"},"modified":"2024-08-22T00:50:04","modified_gmt":"2024-08-21T16:50:04","slug":"trade-the-news-dmc-raises-p10-billion-ahead-of-chp-buyout-deal","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-dmc-raises-p10-billion-ahead-of-chp-buyout-deal\/","title":{"rendered":"Trade the News: DMC raises P10 billion ahead of CHP buyout deal"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>DMCI Holdings Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>DMC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 11.89<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

DMCI Holdings Inc. (DMC) is getting a P10 billion capital injection from an affiliate ahead of the planned P17.3 billion takeover of Cemex Philippines.<\/p>\n\n\n\n

In a stock exchange filing on Tuesday, DMCI revealed plans to raise funds through the sale of 10 million Class B preferred shares to the family\u2019s privately held Dacon Corp. at a price of P1,000 each.<\/p>\n\n\n\n

The preferred shares are convertible, meaning they can be exchanged for common shares of DMCI, whose portfolio includes Semirara Mining and Power, DMCI Homes, and other ventures in mining and power.<\/p>\n\n\n\n

DMCI, alongside Dacon and Semirara, is closing in on the final purchase of Cemex Philippines, the country\u2019s fourth-largest cement company.<\/p>\n\n\n\n

DMCI earlier said it will purchase a 56.75 percent stake worth almost P10 billion in Cemex\u2019s unlisted parent firm. Dacon will acquire about 32 percent, while Semirara will take 11.13 percent.<\/p>\n\n\n\n

(News Source: InsiderPH<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329125","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","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\/329125","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=329125"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329125\/revisions"}],"predecessor-version":[{"id":329127,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329125\/revisions\/329127"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}