Cirtek Holdings Philippines Corp. (“Cirtek”), appoints BDO Unibank, Inc. (“BDO”) as the settlement bank for the issuance of Cirtek’s dollar-denominated Preferred B2 Subseries B Shares.
The appointment was approved by the board of directors of Cirtek in a meeting held on 16 December 2020. At present, only BDO is accredited by the Securities Clearing Corporation of the Philippines to act as settlement bank for dollar-denominated securities.
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by VG Cabuag Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Wednesday said it secured the approval of the Philippine Stock Exchange Inc. (PSE) for the company’s stock rights offering (SRO) with bonus detachable warrants, which could yield P1.37 billion.
The company has set a final offer price of P5.50 per entitlement right and a final exercise price of P5.50 for the bonus detachable warrants.
Cirtek said it intends to list some 249.44 million in common shares for the rights shares and 249.44 million in detachable warrants with 249.44 million in underlying common shares.
Inve...
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