News Archive

Ongpin group takes over PBCom
Philippine Daily Inquirer, December 23, 2011

MANILA, Philippines—A group led by Marcos-era Trade Minister Roberto V. Ongpin completed on Friday the acquisition of a 97-percent stake in Philippine Bank of Communications via special block transactions at the local stock exchange worth P4.7 billion.   According to a memorandum posted by the Philippine Stock Exchange, Ongpin’s takeover was sealed through the purchase  read more…

Ongpin group completes acquisition of PBCom
Philippine Daily Inquirer, December 23, 2011

A group led by former Trade Minister Roberto V. Ongpin on Friday completed its acquisition of a 97-percent stake in Philippine Bank of Communications via special block transactions at the local stock exchange worth P4.7 billion.   Based on a memorandum posted by the Philippine Stock Exchange, Ongpin’s takeover was sealed through the purchase of  read more…

Ongpin Completes Acquisition Of PBCom
Manila Bulletin, December 24, 2011

MANILA, Philippines — The Securities and Exchange Commission has exempted the group of Roberto V. Ongpin from making a tender offer to buy the stakes of minority shareholders of Philippine Bank of Communications (PBCom).   This comes after PBCom reported to the Philippine Stock Exchange that Ongpin’s group led by ISM Communications Commission has completed  read more…

PBCom sale completed
Manila Standard Today, December 24, 2011

The group of companies controlled by investment banker Roberto Ongpn on Friday completed the purchase of Philippine Bank of Communications through the Philippine Stock Exchange.   Bank corporate information officer Rodolfo Ma. Ponferrada said a group of investors led by ISM Communications Corp. acquired 47.094 million common shares and 120 million preferred shares at P27.88  read more…

ISM Communications acquires PBCom
Business World, December 23, 2011

ONGPIN-led ISM Communications Corp. (ISM Communications) has completed the acquisition of a controlling stake in the Philippine Bank of Communications (PBCom).   In separate disclosures to the stock exchange on Friday, ISM and PBCom said: “…the transaction involving the acquisition by a group of investors led by ISM Communications Corp. of 47,094,807 common shares and  read more…