Cirtek raises P1.37-B to finance debt, support units

Aug 16, 2021

Cirtek raises P1.37-B to finance debt, support units

Published by Daily Tribune

Cirtek Holdings Philippines Corporation (TECH) has raised P1.37 billion from the stock price offering of 249 million shares on Monday.

The company intends to use the proceeds from the offer to partially retire its short-term obligations and refinance the working capital of its subsidiaries, Quintel USA, Cirtek Electronics Corp. (CEC), and Cirtek Advanced Technologies and Solutions, Inc. (CATSI).

“I understand that Cirtek is eyeing new markets that would expand the product portfolio of its subsidiaries. With these activities, Cirtek’s units are well-positioned to benefit from the upbeat prospects in the semiconductor and the antenna spaces,” PSE President and CEO Ramon S. Monzon said.

Cirtek’s SRO provided shareholders with bonus detachable warrants. The said warrants were also listed at the PSE under the stock symbol TECHW.

Abacus Capital and Investment Corporation and PNB Capital acted as Joint Issue Managers and Lead Underwriters.

Founded in 2007, TECH is a leading cellular antenna equipment provider is the first to market the multi-frequency band, multi-port antenna technology and caters to the top two mobile network operators in the USA.

  • Jan 12, 2021

    Cirtek sees 20% growth from new major contracts

    Cirtek sees 20% growth from new major contracts

    Cirtek Electronics Corporation reported that its revenues will get a 20 percent boost this year as it ramps up production

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  • Mar 12, 2022

    Cirtek subsidiaries get ISO certifications

    Published by Manila Bulletin

    Cirtek Holdings Philippines Corporation reported that two of its subsidiaries, Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI), have passed their ISO 14000 audits with zero non-conformance.

    “Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” Cirtek said in a statement.

    Read more
  • Mar 13, 2022

    Cirtek’s subsidiaries secure ISO certifications

    Published by Manila Standard

    Cirtek Holdings Philippines Corp. said two of its subsidiaries secured ISO certifications.

    CHP said in a disclosure to the stock exchange Cirtek Electronics Corp. and Cirtek Advanced Technology Solutions Inc. passed their ISO 14000 audits with zero non-conformance.

    “Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” CHP said

    CHP said passing and securing an ISO 14000 standard provides assurance that a company has effectively established and maintains adequate environmental standards and manageme...

    Read more