Press Releases

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15 Oct 2003

AYALA CORPORATION ACCEPTS OFFER FROM DETEASIA

Ayala Corporation has accepted the offer from DeTeAsia Holding GmbH (DT) to purchase 16,037,565 common shares of Globe Telecom, Inc. at P 680 per share.

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14 Oct 2003

AYALA CORPORATION RECEIVES NEW OFFER FROM DETEASIA ON GLOBE STAKE

Ayala Corporation and Singapore Telecom International Pte. Ltd. have received late yesterday, 13 October 2003, from DeTeAsia Holding GmbH (DT) a new offer to sell DT's entire shareholdings in Globe Telecom, Inc. The offer covers 37,674,681 common shares of Globe.

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19 Sep 2003

AYALA CORP TO RECEIVE 63.375 MILLION NEW AYALA LAND COMMON SHARES

In a disclosure to the Securities and Exchange Commission and the Philippine Stock Exchange, Ayala Corporation announced that it will receive 63.375 million new common shares from Ayala Land, Inc. (ALI) in exchange for AC's conveyance to ALI of a 2,340 sq. m.

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28 Aug 2003

MANILA WATER COMPANY TO ISSUE NEW PREFERRED EQUITY SHARES TO AYALA

In a special meeting of the board of directors and stockholders of Manila Water Company ("MWC"), Ayala Corporation agreed to subscribe to P310 million in new preferred equity shares to be issued by MWC.

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19 Aug 2003

Teaching Science by Text and Satellite

The giant replica of the solar system still dangles from the ceiling of the science classroom but it is no longer the centerpiece of learning at Sero Central School in Cotabato City, Maguindanao.

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