ABS CBN and TV5 decided to scrap their previous mutual agreement for the plan share swap deal which saw the stock price of ABS CBN upsurge by 40% after previous disclosures. Currently ABS CBN share price dipped by as much as 22% from its peak.

Last week, there was only a momentary pause to address the issues which have been raised by certain legislators and the National Telecommunications Commission on the proposed investment by ABS-CBN for a minority interest in TV5.

As of today it is now confirmed that the agreement will be terminated. ABS CBN had a momentary trading halt as disclosed on PSE edge.

“Request for a one-hour halt of the trading of ABSP in view of disclosures made by ABS-CBN Corporation on the termination of the parties of the Investment Agreement and Convertible Note Agreement with TV5 Network, Inc. relating to ABS-CBN Corporations’ investment in TV5 and of the Sale and Purchase Agreement and Debt Instruments Agreement in relation to the sale of the ABS-CBN Corporation’s shares in Sky Cable Corporation to Cignal Cable Corporation.”

In a recent statement from ABS CBN “Sky Vision Corporation (“Sky Vision”), ABS-CBN Corporation, Lopez, Inc., and Cignal Cable Corporation (“Cignal Cable”), announced that they have mutually agreed to terminate the Sale and Purchase Agreement dated 10 August 2022 covering the proposed acquisition by Cignal Cable of 38.88% equity interest in Sky Cable Corporation and the Debt Instruments Agreement dated 10 August 2022 covering the proposed subscription by Cignal Cable to an Exchangeable Debt Instrument to be issued by Sky Vision and the proposed acquisition by Cignal Cable of a Convertible Note issued by Sky Cable.

The termination was formalized through a Memorandum of Agreement. The Parties confirmed that they have not implemented any of the transactions covered by the Sale and Purchase Agreement and the Debt Instruments Agreement”

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Item Photo	Cost (Php)	Item Description
Click Here to View	456.0	Original Portable Hanging Neck Fan Rechargeable Usb Mini Fan Electric Fan Headset Fan Outdoor Sports
Click Here to View	1,399	OPPO Band B1 Bluetooth Watch 1.1-inch AMOLED Screen Continuous SpO2 Monitoring 50M Water Resistance
Click Here to View	5,290	realme C11 2021 (2+32GB)

Logistic corporation (ALLHC) under Ayala Corporation (AC) reach a deal to acquire 60% of Mr. Alberto D. Lina’s AIR21 Holdings Inc, through issuance by Mr. Lina of an exchangeable note to AC Logistics and AC Logistics’ subscription to primary shares of AHI.

The deal was sealed last August 30, 2022, AC Logistics and Mr. Lina reached financial close for the acquisition by AC Logistics of a 60% interest in AHI, amounting to a total of Php 6 billion, through issuance by Mr. Lina of an exchangeable note to AC Logistics, and AC Logistics’ subscription to primary shares in AHI.

According to AC recent disclosure on PSE edge;

The acquisition in AHI gives AC Logistics, through the various subsidiaries of AHI, an end-to-end logistics platform capable of serving the supply chain requirements of multiple industries in high-growth markets. The AIR21 Group is engaged in a broad range of supply chain services covering, door-to-door express delivery, international and domestic freight forwarding, warehouse operations, management, and digitization, and waste logistics management.

AHI is a holding company that owns majority interest in AIR21, AIR21 Subic, U-Freight, U-Ocean, CHI, LGC, WARM and IWMI. These companies provide a broad range of logistics services that include door-to-door express delivery, international and domestic freight forwarding, warehouse operations, management, and digitization, and waste logistics management.

Terms of Transactions for the share swap agreement with AHI

The investment in AHI will provide AC Logistics with an end-to-end supply chain platform that is capable of servicing the needs of growing and evolving industries and ecosystems.

The addition of the AIR21 Group to the AC Logistics portfolio, together with Entrego, creates synergies that can potentially generate greater operational efficiency and more efficient asset utilization. The combination of their respective capabilities puts the Ayala Group in a better position to provide technology driven end-to-end logistics services that can help address some of the challenges related to pharma and healthcare aides access, food preservation, and proper waste management according to AC logistics President and CEO Rene Almendras.

Shares of AC logistics holdings is currently up by 3% upon market opening.

My Affiliates for Today:

Item Photo	Cost (Php)	Item Description
Click Here to View	456.0	Original Portable Hanging Neck Fan Rechargeable Usb Mini Fan Electric Fan Headset Fan Outdoor Sports
Click Here to View	1,399	OPPO Band B1 Bluetooth Watch 1.1-inch AMOLED Screen Continuous SpO2 Monitoring 50M Water Resistance
Click Here to View	5,290	realme C11 2021 (2+32GB)