Published by Business World Online
THE Securities and Exchange Commission (SEC) has given Cirtek Holdings Philippines Corp. the go signal to offer as much as P3.5 billion of preferred shares to the public.
“In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at an offer price of P50 per preferred share, with an oversubscription option of up to 20 million preferred shares,” the commission said in an e-mailed statement on Wednesday.
According to the latest timetable submitted to the SEC, Cirtek Holdings’ offer period is slated for Nov. 25 to Dec. 3.
Shares will be listed and traded on the main board of the Philippine Stock Exchange, with the listing of the preferred shares scheduled for Dec. 10.
Cirtek Holdings may net up to P3.44 billion from the preferred shares offer, should the oversubscription option be fully exercised.
Proceeds from the offer will be used to refinance the company’s existing debt, for partial repayment of maturing debt, for capital expenditures, and to fund the working capital of its subsidiaries.
Cirtek Holdings assigned PNB Capital and Investment Corp. as the sole issue manager, lead underwriter, and sole bookrunner for the offer. — Keren Concepcion G. Valmonte
Aug 16, 2021
Published by Manila Bulletin
Cirtek Holdings Philippines Corporation listed at the Philippine Stock Exchange its stock rights offering (SRO) shares worth P1.37 billion as well as the bonus detachable warrants that came with them.
The SRO consisted of 249.44 million common shares sold at an offer price of 5.50 per Entitlement Right at the ratio of 1 Entitlement Right for every 1.68 common shares to eligible shareholders of record as of 7 July 2021.
In addition to the rights shares, Cirtek issued 249.44 million Bonus Detachable Warrants free of charge. The Exercise Price for the Bonus Detachable...
Read moreSep 16, 2020
The Silicon Valley unit of electronics manufacturer Cirtek Holdings Philippines Corp. has bagged a new deal to supply antenna solutions
Read moreJan 14, 2025
Published by Manila Standard
Analog Devices Inc. (ADI), an American multinational semiconductor company specializing in data conversion, signal processing and power management technology, recognized Cirtek Advanced Technologies and Solutions Inc. (CATSI) as the No. 1 contract manufacturer worldwide for the evaluation boards product line (EBPL) for the fourth quarter of 2024.
CATSI previously held the No. 3 position in the first quarter and second quarter of the year while inching up to No. 2 at the end of third quarter 2024.
The EBPL is an essential business unit of ADI that allows the company...
Read more