Cirtek lists SRO shares

Aug 16, 2021

Cirtek lists SRO shares

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The Bangko Sentral ng Pilipinas (BSP) Monetary Board will accept applications from new digital banks only until August 31.

The BSP said the move to close the application window starting September 1 would help maintain "a stable and competitive environment for banks."

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Dito-Udenna share-swap deal gets SEC division nod

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The deal will still have to be approved by the SEC and the Philippine Stock Exchange.

In November 2020, Dito CME entered into a share-swap deal with Udenna Corporation to become the controlling shareholder of Dito Telecommunity. Dito CME will acquire 100% of Udenna Communications Media and Entertainment from Udenna Corporation. UCME is the holding company which has indirect interest in Dito Telecommunity.

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Manny Villar's AllDay files for P6-billion IPO

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  • Jul 02, 2021

    PSE approves Cirtek P2.74-B rights offering with bonus warrants

    The Philippine Stock Exchange has approved Cirtek Holdings Philippines Corporation’s planned stock rights offering with bonus detachable warrants that will raise a total of P2.74 billion.

    Read more
  • Jul 02, 2021

    PSE approves Cirtek’s P1.37-b rights offering

    By Jenniffer B. Austria Manila Standard

    Cirtek Holdings Philippines Corp. obtained the approval of Philippine Stock Exchange Inc. on its planned P1.37-billion stock rights offering with bonus detachable warrants.

    Cirtek said in a disclosure to the stock exchange it set the final price of the rights offering at P5.50 and the final exercise price for the bonus detachable warrants at P5.50.

    The company plans to issue and list 249.44 million rights shares and another 249.44 million bonus detachable warrants with 249.44 million underlying common shares.

    Investors who hold common shares of Cirtek as...

    Read more
  • Aug 16, 2021

    Cirtek lists common shares sold via SRO

    Published by Business Mirror

    Cirtek Holdings Philippines Corp. on Monday listed on the Philippine Stock Exchange (PSE) 249.44 million in common shares that carry a detachable warrant, which the company sold via a stock rights offering (SRO).

    The said shares were sold at P5.50 per share, or a total of P1.37 billion.

    Cirtek shares were last traded at P4.60 apiece.

    In his welcome message, PSE president and CEO Ramon S. Monzon cited the competitive environment of the technology solutions space given the rapid advancement in this field and expressed optimism over Cirtek’s plans for its subsidiaries...

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