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Asia

Mitsubishi to Boost Stake in Ayala to 20% With 120 Billion Yen Investment

Mitsubishi (TYO:8058) has signed a definitive agreement to invest about 120 billion yen to acquire additional shares in Philippine conglomerate Ayala (PSE:AC), according to a press release on Monday.The deal, expected to close within fiscal 2026 pending regulatory approvals, will raise Mitsubishi's voting interest in Ayala to 20%.Building on a 2024 alliance that included a joint investment in GCash operator Mynt, the two companies aim to deepen collaboration in consumer-facing businesses, including financial services, telecommunications, and retail, alongside real estate and energy ventures.

PSE:ACTYO:8058
Asia

Mynt Receives Listing Approval from Philippine Stock Exchange

Mynt has received the green light from the Philippine Stock Exchange for a proposed initial public offering, according to a Thursday filing.The conglomerate said the notice will cover up to 8.03 billion common shares, with an overallotment option of up to 1.2 billion secondary common shares.The proposed PO remain subject to compliance with conditions mentioned in a pre-effective letter and other conditions.Ayala (PSE:AC) has a stake in Mynt directly and through AM 50 Ventures and Globe Telecom.

^PSEPSE:AC
Asia

Market Chatter: Ayala Corp, Musinsa Sign Distribution Deal in the Philippines

Musinsa and Ayala Corp's (PSE: AC) ACX signed an exclusive distribution deal for the Philippine market, according to a statement cited by media reports on Wednesday.Aside from distribution, the agreement between the South Korean online fashion retailer and the Philippine conglomerate will also include the second-half 2026 opening of the first Musinsa Standard store in the Southeast Asian country.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KOSPIPSE:AC
Asia

GCash Parent Mynt Prepares for Potential IPO

Mynt, the fintech company behind GCash, said its board and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a potential initial public offering.The proposed IPO will cover up to 12% of Mynt's total outstanding capital stock post-listing, comprising both primary and secondary shares, with each common share carrying a par value of 0.03 Philippine pesos, according to a Wednesday press release.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala Corporation (PSE:AC) and Ant Group, Mynt said the planned listing remains subject to regulatory approvals, market conditions, and other customary requirements.

PSE:ACPSE:GLO
Asia

Market Chatter: Mynt Eyes About $1 Billion Via IPO

Mynt, the operator of GCash, is weighing a domestic IPO that could value the firm at over $8 billion, with plans to raise about $1 billion, Reuters reported Thursday, citing people familiar with the matter.The listing could be filed as early as July and slated for later this year, depending on market stability and local regulatory approvals, sources told the news agency.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala (PSE:AC) and Ant Group, Mynt was last valued at $5 billion after a 2024 investment round involving Ayala and Mitsubishi UFJ Financial Group (TYO:8306). Its GCash platform has around 94 million users in the Philippines and provides payments, transfers, savings, lending and insurance services, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^PSEIPSE:ACPSE:GLOTYO:8306

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