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.
Jan 13, 2021
Philippine Rating Services Corp. (PhilRatings) assigned an issuer credit rating of PRS A (corp.)
Read moreJul 05, 2021
When Brian Liu stepped up to the role of CFO at electrical component manufacturer Cirtek Holdings Philippines Corporation in the middle of 2020, the world was undergoing intense upheaval as the maelstrom of the COVID-19 pandemic swirled.
Lockdowns, and production and logistical issues became commonplace around the world. So how did he tackle this huge new opportunity amid such turbulent times? The promotion from his former position as Executive Vice President at Cirtek Electronics, a Cirtek subsidiary, came as something of a surprise, Brian tells The CEO Magazine.
But while he...
Read moreOct 27, 2021
Published by Bilyonaryo
The Securities and Exchange Commission (SEC) has approved the plan of Jerry Liu-led Cirtek Holdings Philippines Corp. to raise up to P3.5 billion from the sale of preferred shares.
Cirtek is selling up to 70 million preferred shares at P50 per share.
Net proceeds from the offering, amounting to P3.44 billion, will be used to refinance debt, pay down maturing obligations and support capital expenditure requirements.
The offering will start on November 25 and will run until December 3, in time for the listing of the preferred shares on the Philippine Stock Exchange on Dec...
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