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  • Lastest Post
    • Personal Articles
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    • Business News
  • Speeches
    • Presentation of the Original Murillo Velarde 1734 Map to the President President’s Hall, Malacañan Palace December 6, 2024
    • Speech of Mel Velasco Velarde at the Indo-Pacific Business Forum in Tokyo, Japan, January 12, 2023
    • An Entrepreneur With A Mission
    • PNP map turn over
    • PSE, PAGCOR, Australian Embassy
    • Mel Velarde Speech at International Conference on Cartography in Philippine History
    • NOLCOM Gets Replica of 1734 Murillo Velarde Map
    • A Tribute to Wilma Cruz Tapalla, Master Speech Professor
    • Speech entitled “You Will Fail Before You Succeed” to the Graduating Class of MFI Technology Degree Program
  • Press
  • Gallery
    • Which picture do you like best?
    • Digital Transformation Strategy – 2016 at Barcino Greenbelt 5, Makati City, PH
    • The South China Sea Dispute – 2015 at Ayuntamiento de Manila
    • NOW Broadband Launch – 2015 at Times Plaza, Manila
    • NOLCOM Gets Replica of 1734 Murillo Velarde Map – 2016, Tarlac
  • About Mel

The official website of Mel V. Velarde

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Trading Halt Ordered

July 15, 2016
Trading Halt Ordered

TRADING of shares in listed Information Capital Technology Ventures, Inc. (ICTV) will be halted for an hour today after the company’s board approved the entry of Velarde, Inc. The Philippine Stock Exchange said the trading halt would be from 9 a.m. to 10 a.m. Velarde is buying one billion shares in the company. The authorized capital of the company has been increased to P5.3 billion from P1.3 billion. ICTV provides telecommunications, media and information technology products and services, such as research, development, production, management, marketing and operation of telecommunication value added services. Clients include companies licensed to engage in wired and wireless, fixed and mobile communications; software and hardware technology, business process outsourcing, call center and other information technology applications and firms in digital media. The purchase price is P1 billion. ICTV plans to use the proceeds to fund new business ventures and products. Established in October 1999, Velarde, Inc. is the holding company that acts as the vehicle for most of businessman Mel V. Velarde’s investments. ICTV shares closes 3% lower at P0.93 apiece yesterday.

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Trading Halt Ordered was last modified: October 3rd, 2017 by mvv
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