The Cebu-based fuel retailer intends to raise as much as P3.2 billion by offering up to 3.68 billion common shares with an overallotment option of up to 368.31 million secondary common shares at a maximum price of P0.78 apiece.
The proceeds from the sale of primary shares will be used to fund the construction of fuel depots and service stations, the acquisition of fuel assets, working capital and other general corporate purposes.
The company will not receive proceeds from the offer of secondary common shares owned by selling shareholders.
Denne historien er fra October 10, 2024-utgaven av The Philippine Star.
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Denne historien er fra October 10, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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MORE Power reactivates upgraded Iloilo substation
Razon-led MORE Electric and Power Corp. has energized the newly rehabilitated Molo Substation in Iloilo to improve electric service and minimize brownouts in the city.
Ginger prices triple to P300, seen to soften this month
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DA, KAMICO, Cabanatuan City sign MOU for first agri machinery complex
Agriculture Secretary Francisco Tiu Laurel Jr., Korea Agricultural Machinery Industry Cooperative (KAMICO) chairman Shin Gil Kim and Cabanatuan City Mayor Myca Elizabeth Vergara signed yesterday a memorandum of understanding (MOU) to establish the Korea Agricultural Machinery Industry Complex, the first local agricultural machinery manufacturing cluster.
Priority and mandatory indigenous gas use means expensive electricity
Consider these three provisions from three energy laws.
DoubleDragon readies P30-B bond program
DoubleDragon Corp. is returning to the bond market with a P30-billion debt program, its largest to date, intended to be issued in multiple tranches from 2024 to 2026.
Ayala Corp secures $200-M loan from Metrobank
Ayala Corp. has secured a $200-million credit facility from Ty-led Metropolitan Bank & Trust Co. (Metrobank) to support its expansion plans.
SEC OKs Topline's P3.2-B IPO
The Securities and Exchange Commission (SEC) has cleared the initial public offering (IPO) of Top Line Business Development Corp. next month.
Dito subscribers hit 13 M
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MPTC-SMC tollway merger to be completed this month
Discussions for the mega-tollways merger being eyed by Metro Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) may be completed within the month.
Stocks down, peso pierces 57:$1 level
The continued depreciation of the peso has dampened investor sentiment, dragging the local stock market into the red and below the key resistance level.