Manila Standard
by Jenniffer B. Austria
Cirtek Holdings Philippines Corp. said Monday unit Cirtek Electronics Corp. will expand production capacity in the first quarter to boost revenues.
CHPC said in a disclosure to the stock exchange it would increase production of two major semiconductor customers to raise the group’s total output by 20 percent.
It said the first capacity expansion was for a new product called Quad Flat No Leads Package, which is widely used for high-volume products like smart phones, PC and laptops, wireless communication and consumer electronics. These devices are seen as major factors that will boost the global semiconductor industry growth for 2021.
The second major capacity expansion involves a global semiconductor company based in California which focuses on gallium nitride high-power transistors and modules for high-voltage power conversion applications.
The product is for intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for electric vehicles, power adapters and inverters.
CHPC said unit Cirtek Advanced Technology and Solutions Inc. would also roll out its 5G chipset for mass production. CATSI, in the middle of 2020, finalized a multi-million project with a Texas-based company for the manufacture of signal processing units and indoor radio frequency units that will be part of the system infrastructure to be used for communication services for public safety, government, utilities and industrial customers.
The solution will allow for the transport of mission critical voice, data and video reliably, efficiently and securely.
It also finalized contract manufacturing services with a New York-based company to mass produce radio frequency power modules for high-speed data transmission for aerospace applications.
“The company is fortunate to be in an industry that is about to experience a revolutionary boom, and we are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” Cirtek vice president Jorge Aguilar said.
Oct 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...
Read moreOct 27, 2021
Published by Business Mirror
The Securities and Exchange Commission (SEC) has approved Cirtek Holdings Philippines Corp.’s public offering of up to P3.5 billion worth of preferred shares.
In its en banc meeting, the agency approved 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 preferred shares will be listed and traded on the Main Board of the Philippine Stock Exchange (PSE).
The Laguna-based manufacturer expects to net P3.44 ...
Read moreDec 02, 2021
Published by Manila Bulletin
Cirtek Holdings Philippines Corporation (TECH) has set the size of its ongoing public offering of its preferred shares to a maximum of P2.5 billion.
The firm said in a disclosure to the Philippine Stock Exchange that it has started the primary offering of up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares at an offer price of P50.00 per share.
The final offer structure consists of P1.5 billion in aggregate issue value, consisting of up to 30 million Preferred Class B-2 Sha...
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