AP and ATS are strong performers in Corporate Governance ScorecardMay 11, 2009 Aboitiz Power Corporation (AP) and Aboitiz Transport Systems (ATS) were recently recognized for having good standing in the 2008 Institute of Corporate Directors’ (ICD) annual Corporate Governance (CG) Scorecard review.
Aboitiz Transport sale not pushing throughApril 30, 2009 Aboitiz Equity Ventures, Inc. ("AEV") and its principal stockholder, Aboitiz & Company, Inc. ("ACO"), have been informed by KGLI-NM, Holdings Inc. ("KGLI-NM") that KGLI-NM will not proceed with the purchase of US$30 million worth of Aboitiz Transport System (ATSC) Corporation ("ATSC") common shares owned by AEV and ACO.
KGLI-NM Holdings to acquire US$30 million worth of Aboitiz TransportApril 1, 2009 Aboitiz Equity Ventures, Inc. (AEV) and its principal stockholder, Aboitiz & Company, Inc. (ACO), received yesterday (March 31, 2009) from KGLI-NM, Holdings, Inc. (KGLI-NM) a notice that KGLI-NM will exercise its option under Section 5(c)(i) of the Term Sheet dated December 19, 2008 (the ‘Term Sheet’) between AEV and ACO on one hand and KGLI-NM on the other hand to acquire at least US$ 30 million worth of common shares of Aboitiz Transport System Corporation (ATSC) owned by AEV and ACO.
Aboitiz Equity Ventures & Aboitiz & Co. accept KGLI-NM Holdings offerDecember 19, 2008
Aboitiz Equity Ventures, Inc. (AEV), together with Aboitiz & Company, Inc. (ACO), accepted today the Term Sheet offered by KGLI-NM Holdings, Inc. (KGLI-NM) for the acquisition by KGLI-NM of 49% equity stake in Aboitiz Transport System Corporation (ATS) instead of the total buy-out proposed in the Memorandum of Agreement signed by the parties on September 23, 2008. The 49% equity stake shall include the 7% equity stake of the public in ATS.
2GO Youth Football Festival brings out the best in kidsOctober 17, 2008
2GO, the total supply chain solutions provider of the country, encourages both the young and young-at-heart to develop values of team spirit, sportsmanship and fair play in the recently concluded 2GO Youth Football Festival in the Ayala Alabang Country Club football fields.
Aboitiz sells transport unitSeptember 30, 2008
At a special meeting today, September 23, 2008, the Board of Directors of Aboitiz Equity Ventures, Inc. (AEV), unanimously voted to accept the unsolicited offer of KGLI-NM Holdings, Inc. (KGLI-NM) to buy all of AEV’s shareholdings in Aboitiz Transport System Corporation (ATS) subject to a due diligence audit to be conducted by KGLI-NM.
Hedcor, Inc., 2GO, AGFI and UNIC team upJune 8, 2007Clean energy producer Hedcor, Inc. signed a memorandum of agreement with 2GO, the Aboitiz Group Foundation, Inc. (AGFI), and the United Nations Information Centre (UNIC) to organize the 2007 World Environment Day Essay Writing Contest (WED EWC).
AEV and ATS voted among FinanceAsia’s Best Managed CompaniesMay 30, 2007
Aboitiz Equity Ventures, Inc. (AEV) has been voted one of the best managed companies in the Philippines in FinanceAsia’s 7th Annual Best Companies in Asia poll. The company placed 9th overall in the Best Managed Company ranking, 8th as the Most Committed to Corporate Governance, and 7th in the Best Investor Relations list.
ATS partners with global playersMay 12, 2007Aboitiz Transport System (ATS) recently signed a joint venture agreement with MCC Transport Singapore Pte Ltd and Mercantile Ocean Maritime Co. (Filipinas) Inc. to form a corporation named MCC Transport Philippines Inc. (MCC Philippines). The joint venture company or MCCP, will engage in the business of container transportation in the Philippines.
ATS Improves Financial PositionDecember 27, 2006
As part of its commitment to strengthen its financial position, Aboitiz Transport System Corporation ("ATS") confirms today the delivery of its vessel, SuperFerry 18, to Pacific Asia Shipping Co. Ltd., a Marshall Islands registered company.