5.16.2013

April 23- Friends with benefits


Recently the public was puzzled and ever seeking for reasons behind the bid offer of SMC on the NAIA expressway bidding against MPI. Let’s just say the bid of SMC is more than 30times over than that of MPI. When money is on the table, certainly it has all been planned and accepted, and the right reasons behind it may be better left untold to the public.  I never come to believe that SMC made a wrong bid offer of 11B. It has all been planned.

I do not go to seek for right answers but I only act where I can create links of the puzzle and act on it by putting some money in the table. No money, no faith.

After all this is a guessing game and doing it is entertaining to me.

*Excerpts in some articles:


*“We were struggling over the P6.5 billion subsidy that we worked with the locators and now the bidders really do not need the subsidy and gave us P11 billion up front,” the DPWH chief said.

*It starts at the existing Skyway then follows the existing road alignments over Sales Avenue, Andrews Avenue, Domestic Road, and NAIA Road, and has entry/exit ramps at Roxas Boulevard, Macapagal Boulevard, and Pagcor City.

Let us see what the big parcel of land is nearby

-Sighted 32 hectares, more or less, of reclaimed land at Aseana Business  Park in Parañaque City.
On December 10, 2010, AMC’s BOD authorized the application for incorporation of Alphaland Marina Club, Inc. (AMCI) to own and operate the Marina Club.
AMCI is a legal subsidiary of ALPHALAND PSE: ALPHA



















Ramon S. Ang
-         CEO of SMC
-         Independent Director of ALPHALAND

Roberto V Ongpin
-         CEO of ALPHA
-         Board of Director of SMC
-         Ongpin-led Top Frontier is the single biggest shareholder in San Miguel with a 39% stake.

*As of end-2012, The two companies (SMC & ALPHA) have interlocking ownership. Top Frontier is owned by San Miguel itself as represented by Ang, and by an investor group that includes Ongpin, his nephew Eric Recto and businessmen Iñigo Zobel and Joselito Campos.

*In an interview with local newspaper, The Philippine Star, Ongpin characterized his involvement in San Miguel as “passive” and voiced his faith in the strategies of the conglomerate.

Ang is busy and so is Ongpin…they are both partners in many upcoming projects in the pipeline. They are friends with benefits =)


*These includes the 3-tower Alphaland Makati Place that will have a sports club, a mall and condominium units; the P4-billlion members only Balesin Island Club in Quezon province, the P2-billion Alphaland Marina Club that will have 300 berths for boats of all sizes and the P10-billion 500-hectare Boracay Gateway which will be timed with SMC’s expansion of the Caticlan airport.

*Alphaland Marina Club
Alphaland Marina Club is set to open in the second quarter of 2014. Also, the project will be duplicated in major bay cities in the country like Cebu and Davao.


to implicate RVO to this SMC bold venture shall give some light to me. I do not know for others…Moreover,  I do not ascertain the real course of SMC plan but I see the benefit is inevitable to ALPHA

Sources:

Walang komento: