The company’s equity raise to recapitalise its balance sheet was oversubscribed, raising $23.9m.
ACC buys up $6.7 million worth of Tourism Holdings shares, after previously selling down.
Acquisition ‘a natural progression’ of wholesale distribution deal.
Several senior executives have left the company since the new board was formed in March.
Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.
The company offers housing to baby boomers under a structure where people buy the house and not the land.
The airline says that a ‘significant’ proportion of the Manila call centre’s database is likely to have been stolen.
The $25m deal will acquire 2880ha of land near Tarras, for Santana's planned gold mine.
The stock slumped by 17% after the chief executive’s announcement.