#ltgi

countdown to redemption season 3 day 3 - eliot spencer appreciation

i've been a real good dog, can i come inside?

countdown to redemption season 3 day 1 - sophie devereaux appreciation

does a story die with its narrator?

Via Disclosures

The 100% acquisition of Fortune Tobacco Corp, Asia Brewery Inc, Paramount LandEquities Inc and Saturn Holdings Inc will be paid for via the 5 billion share subscription that has been recently approved and completed. The BOD will defer the acquisition of the airline business.

Lucio Tan Group Inc, Unaudited Interim Income Statement for Q3 2012 (YTD)

Total revenue, 20.8 billion, net income 5.7 billion, cost of sales -15.1 billion,

Total assets: 115.5 billion (current: 39.2 billion, non-current 76.3 billion) Current Liabilities 50.0 billion (current: 23.8 billion, non-current 26.2 billion)

Via ABS CBN

The Sandiganbayan Fifth Division junked with finality the government's claim on businessman Lucio Tan's 60% holdings in his various companies.

The government had laid claim to 60% stakes in Fortune Tobacco Corp., Himmel Industries Inc., Foremost Farms Inc., Asia Brewery Inc., Grandspan Development Corp, Silangan Holdings Inc. and Dominium Realty and Construction Corp. It also sought the award of P51 billion in various damages and fees.

Via Disclosure:

Change of name from TDY to LT Group Inc. LTGI

2-tranche placement and subscription transaction

Tranche 1: Placing Tranche – Sale by Tangent Holdings Corporation of 3 billion common shares by way of follow in offering at a placing price to be determined by book building exercise.

Tranche 2: Subscription Tranche – Subsequent subscription by Tangent using Placing Tranche funds to new shares of LTGI equivalent to number of shares sold during Placing Tranche at a price equivalent to placing price.

Total number of shares of Placing Tranche based on investor demand determined through a book building exercise. Total number of shares will not exceed 3 Billion

BOD has granted authority to determine rules of transaction such as timing and total funds to be raised.

Subscription shares will be listed via PSE