In 2010 Aboitiz Equity Ventures (AEV) sold Aboitiz Transport System operating under the 2GO brand to Negros Navigation Co. (NENACO) for 3.5 Billion Pesos. AEV incurred a loss of 74.6 Million Pesos on the sale of 2GO. The loss may have been small, but AEV made an impairment charge before that of 2.1 Billion Pesos.Continue reading “AEV learns from Transport/2GO experience, cashes out portion of Power while value is still high”
Tag Archives: Aboitiz Equity Ventures
Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled
Aboitiz Equity Ventures Inc. (AEV) reported on its July 30, 2020 first semester financial statements that AEV, the parent compay, has a 10.5-Billion Peso Bond maturing on August 6, 2020 and another 6.2-Billion Pesos bond will be maturing on November 21, 2020. As of December 31, 2019, AEV, the parent company, had cash and cashContinue reading “Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled”