smic | ABS-CBN News

SM Investments Corp eyes tender offer for 2GO shares

ABS-CBN News
Posted at Feb 28 04:56 PM

SM Investment Corp said on Tuesday its board approved a tender offer of up to 378,817,279 common shares equivalent to 15.39 percent of issued and outstanding common capital stock of 2GO. Read more »

SM Investments optimistic on second half despite headwinds

ABS-CBN News
Updated as of Aug 22 09:14 AM

SM Investments Corp is optimistic about its performance in the second half, following a strong rebound in the first half which saw income and foot traffic beat pre-pandemic levels. Read more »

SEC approves SMIC's acquisition of geothermal operator

ABS-CBN News
Posted at Aug 02 12:27 PM

The Securities and Exchange Commission has approved SM Investment Corp's acquisition of 81 percent stake in AllfirstEquity Holdings Inc. Read more »

SM Investment posts P38.5-B net income, up 65 pct

ABS-CBN News
Posted at Feb 28 03:37 PM

SM Investment Corp said on Monday it posted a net income of P38.5 billion in 2021, higher by 65 percent compared to 2020's P23.4 billion. Read more »

SM Investment first quarter net income up 5 percent to P9.5 billion

ABS-CBN News
Posted at May 05 02:36 PM

SM Investments Corp said Wednesday its consolidated net income for the first quarter of the year rose 5 percent to P9.5 billion compared to P9 billion in the same period last year. Read more »

SM Group to vaccinate thousands of employees for free

Bruce Rodriguez, ABS-CBN News
Posted at Apr 28 07:36 PM

SM Investments Corporation aims to vaccinate thousands of its employees for free as it seeks to boost its recovery from the negative economic impact of the COVID-19 pandemic. Read more »

SM Investments says to acquire majority stake in 2GO

ABS-CBN News
Posted at Mar 19 11:10 AM

SM Investment Corp said Friday 2GO Group Inc would become a subsidiary following an additional acquisition of the majority of outstanding common stock.  Read more »

SM Investments net income down 48 percent to P23 billion in 2020

ABS-CBN News
Posted at Feb 26 02:01 PM

SM Investments Corp said Friday its net income declined by 48 percent in 2020 dragged by the impact of the coronavirus pandemic.  Read more »

FTSE Russell could delete more Chinese companies after US bolsters executive order

Samuel Shen and Emily Chow, Reuters
Posted at Dec 30 05:24 PM

Global index publisher FTSE Russell said it may delete more Chinese companies from its global benchmarks, after the Trump administration on Monday strengthened an executive order barring U.S. investment in Chinese firms with alleged military backing. Read more »

US blacklists Chinese companies including chip giant SMIC

Agence France-Presse
Posted at Dec 19 09:25 AM

WASHINGTON - The United States on Friday announced it has imposed export controls on 77 Chinese companies including the country's biggest chipmaker, SMIC, restricting its access to US technology over its alleged ties to China's military. Read more »

Trump to add China's top chipmaker, oil giant to defense blacklist -sources

Alexandra Alper and Humeyra Pamuk, Reuters
Posted at Dec 01 10:28 AM

The Trump administration plans to add China's top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, escalating tensions with Beijing before President-elect Joe Biden takes office, according to sources familiar with the matter and a document seen by Reuters. Read more »

SM Investments Corp lists P10 billion fixed rate bonds

ABS-CBN News
Posted at Oct 02 12:09 PM

SM Investments Corp said Friday it listed a P10 billion fixed rate bonds in the Philippine Dealing and Exchange Corp as part of its efforts to refinance debts. Read more »

China chip giant SMIC shares plunge 7.64 percent after US export controls

Agence France-Presse
Posted at Sep 28 10:43 AM

Shares in China's biggest chipmaker plunged on Monday following weekend media reports that Washington has placed export controls on the company, the latest salvo in the battle for technological dominance over Beijing.   Read more »

SM bonds program gets regulator approval

ABS-CBN News
Posted at Sep 17 10:22 AM

The Sy-led conglomerate SM Investments Corp. (SMIC) P30 billion fixed rate bonds program has been approved by the Securities and Exchange Commission, the corporate watchdog said on Thursday. Read more »

SM Investments says H1 net income down 69 percent, within expectations

ABS-CBN News
Posted at Aug 05 03:49 PM

SMIC’s retail, property and banking businesses all saw sharp declines in their incomes as the COVID-19 pandemic and the ensuing lockdowns sapped sales.  Read more »