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Peso-dollar exchange rate - August 19, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 19, 2021 RAPPLER.COM
Bangko Sentral to accept digital bank applicants only until August 31
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."
Read more. RALF RIVAS
Philippines lowers 2021 economic growth target over fresh lockdowns, Delta
The Philippines lowered its growth target for 2021 after the emergence of the COVID-19 Delta variant forced key cities to undergo another round of strict lockdowns.
Here is the projection of the Development Budget Coordination Committee. RALF RIVAS
Dito-Udenna share-swap deal gets SEC division nod
Dito CME Holdings Corporation said in a regulatory filing on Wednesday, August 18, that its share-swap application was given pre-clearance by the Financial Analysis and Audit Division of the Securities and Exchange Commission (SEC).
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.
Dito CME closed 2.68% higher to P7.65 apiece on Wednesday. AIKA REY
Peso-dollar exchange rate - August 18, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 18, 2021 RAPPLER.COM
Emperador seeks secondary listing on Singapore stock exchange
Andrew Tan's Emperador is seeking a secondary listing by way of introduction on the main board of the Singapore Exchange (SGX).
Emperador will maintain its primary listing on the Philippine Stock Exchange (PSE), while concurrently being listed on the SGX.
"We are very excited at the prospect of becoming the first ever PSE-primary listed company to conduct a secondary listing in the SGX and are optimistic that our secondary listing will serve as a catalyst to enhance the strategic collaboration between the PSE and the SGX," Tan said. RALF RIVAS
Manny Villar's AllDay files for P6-billion IPO
Manny Villar's grocery chain AllDay Marts is seeking P6 billion for its planned initial public offering (IPO), the Securities and Exchange Commission (SEC) said on Wednesday, August 18.
In its prospectus submitted to the SEC, AllDay said it will be offering up to 6.8 billion common shares at a price of up to P0.80 apiece, with an overallotment option of up to 685 million shares.
Read more. RALF RIVAS
NGCP owner Synergy Grid to raise P28 billion in public offering
Synergy Grid & Development Phils., which indirectly owns a majority stake in the National Grid Corporation of the Philippines (NGCP), is aiming to raise P28.86 billion from a follow-on offering.
According to its preliminary prospectus, Synergy Grid is aiming to offer 1.053 billion common shares at an offer price of P15 to P25 apiece, with an overallotment option of up to 101 million common shares.
Sep 16, 2020
Cirtek Holdings Philippines Inc. said US-based subsidiary Quintel bagged a telecommunications contractRead more
Jul 08, 2020
Quintel USA, Inc., a subsidiary of Cirtek Holdings Philippines Corp (CHPC)Read more
Jul 02, 2021
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