+ Follow CORRO-COAT INC Tag
CORRO-COAT INC
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[results] => Array
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[0] => Array
(
[ArticleID] => 373216
[Title] => Biofuels measure likely to boost shares of Chemrez
[Summary] =>
The imminent enactment of the Biofuel bill is expected to boost Chemrez Technologies Inc. (ChemTech) when it resumes trading its shares today simultaneous with the listing of additional shares worth P1.5 billion.
Stock market analysts said the public offer involving 340.91 million shares was at least four times oversubscribed due to strong demand from foreign and domestic investors. ChemTech used to be Corro-Coat Inc.
[DatePublished] => 2006-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 367805
[Title] => PSE okays sale of add’l shares by Chemrez
[Summary] =>
The Philippine Stock Exchange approved yesterday the additional listing of shares of coco-biodiesel firm Chemrez Technologies Inc. (formerly Corro-Coat Inc.).
This paves the way for the company’s public offering on Nov. 20 and listing on Dec. 4.
The offering, estimated to raise P1.5 billion in proceeds, involves between 306.12 million to 384.62 million new shares, representing 22.46 percent to 26.68 percent of ChemTech’s expanded capital after the stock sale.
[DatePublished] => 2006-11-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 366762
[Title] => Chemrez eyes P1.5B from sale of additional shares
[Summary] =>
Chemrez Technologies (formerly Corro-Coat Inc.) plans to list additional shares on the local bourse by Nov. 20 to raise about P1.5 billion in fresh capital.
ChemTech is offering between 306.12 million and 384.62 million new shares, equivalent to 22.46 percent to 26.68 percent of the biofuel and chemical firm’s expanded capital. The shares will be sold at a price ranging from P3.90 to P4.90 per share.
[DatePublished] => 2006-11-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 365396
[Title] => Biodiesel to boost Chemrez earnings by 38% this year
[Summary] =>
Chemrez Technologies (formerly known Corro-Coat Inc.) is eyeing a net profit of P131.62 million this year, up by 38 percent from P95.54 million in 2005, mainly due to the consolidation of earnings from powder coating, resins and oleo-chemicals, as well as the full operation of its new biodiesel plant.
Revenues are likewise seen to grow to P2.67 billion this year from P2.37 billion a year ago.
For 2007, net profit is projected to increase further to P536.67 million while revenues are seen to rise to P4.72 billion.
[DatePublished] => 2006-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 362079
[Title] => Corro-coat to raise P1.5 billion via public offering
[Summary] => Listed powder coatings manufacturer Corro-coat Inc. is eyeing to raise P1.5 billion from the sale of new shares to the public to be used for the purchase of a bio-diesel plant and for working capital requirements.
Stock portal Citiseconline. com said the offering is slated in the fourth quarter of 2006. Asian Alliance Investment Corp. and BancPros Inc. will serve as lead underwriters for the issue.
The biodiesel plant, which is to be acquired at a cost of P810 million, is capable of manufacturing a wide variety of chemical products.
[DatePublished] => 2006-10-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 341656
[Title] => Corro-Coat acquires biodiesel firm in share-for-share swap
[Summary] => Corro-Coat Inc. is acquiring 100 percent of sister company Chemrez Inc. through a share-for-share swap valued at P582.41 million, in line with its diversification into the renewable fuels business.
With the acquisition of Chemrez, Corro-Coat is now engaged in the manufacture of resins and oleochemicals in addition to its traditional powder coating business.
[DatePublished] => 2006-06-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 336874
[Title] => Corro-Coat to acquire biodiesel pioneer Chemrez, Inc.
[Summary] => Publicly-listed Corro-Coat Inc. said yesterday it will acquire 100 percent of its affiliate, coco methyl-ester (CME) manufacturer Chemrez Inc., through a share swap deal.
In a disclosure to the Philippine Stock Exchange (PSE), Corro-Coat said its board approved the "acquisition of the bio-diesel project of Chemrez and acquire 100 percent equity in Chemrez via a share swap."
[DatePublished] => 2006-05-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 98171
[Title] => Index eases 2 points as impeachment trial sidetracks investors
[Summary] => Share prices closed mixed in quiet trading yesterday as the start of President Estrada’s impeachment trial later in the day sidetracked investors.
The 30-company Phisix finished 2.62 points or 0.18 percent lower to quickly retrieve the previous day’s gains, settling at 1,390.67.
However, the broader All-Shares index ended on the plus side, improving by 24.62 points or 3.37 percent to 766.22 due to the huge gains in Sun Life and Manulife stocks.
[DatePublished] => 2000-12-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98663
[Title] => Pancake House seeks SEC okay for IPO
[Summary] => Pancake House, Inc. (PHI) has applied with the Securities and Exchange Commission (SEC) for authority to undertake an initial public offering (IPO) to spur the expansion of its chain of restaurants.
The company which owns "Pancake House" intends to list in the Philippine Stock Exchange (PSE) 64.14 million shares equivalent to 34 percent of its equity. The shares have a par value of P1 and will be priced at P1.46 to P2.15 each.
PHI has earmarked the proceeds, seen to amount at least to P83.50 million, for its expansion programs for the next two years.
[DatePublished] => 2000-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1203478
[AuthorName] => by Rommel Ynion
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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