Maynilad Water Services, Inc. is seeking to acquire Calapan Ventures, Inc. (PSE:H2O). In a press briefing, Maynilad chief executive Victorico "Ricky" P. Vargas said discussions were “very preliminary." “We’re also looking at Calapan. At the moment, we’re talking to them, but nothing serious,” he added. Calapan Ventures told the bourse that its Board of Directors has given chairman and chief executive Jolly L. Ting the green light to pursue potential partnerships or investments with interested firms.

Calapan Ventures, Inc. announced that during the annual stockholders' meeting held on June 13, 2012 elected following management members of the Corporation for the year 2012 to 2013 to hold office as such until their successors shall have been duly elected and qualified: Jolly L. Ting as chairman of executive committee, director and chief executive officer; Nanette T. Ongcarranceja as member of executive committee and nomination committee, chairman of compensation and remuneration committee, director and chief operating officer; Lourdes G. Ting as vice president and chairman of nomination committee; Ortrud T. Yao as compliance officer and member of compensation, remuneration, executive, audit and risk committees; Rodolfo L. See as Director, member of audit and risk committee; Dexter E. Quintana as chairman of audit and risk committee, member of nomination committee, independent director; and Ernesto S. Isla as member of compensation and remuneration committee.

Calapan Ventures, Inc. at the meeting of board of directors held on June 13, 2012, which adjourned at 2: 30 pm, a resolution was passed declaring cash dividends of PHP 0.20 per share. The record date for determination of stock holders entitled to cash dividends will be at close of business on June 29, 2012. The payment date will be on or before July 25, 2012.