Cirtek lists SRO shares

Aug 16, 2021

Cirtek lists SRO shares

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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

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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.

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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.

  • Jan 17, 2021

    Cirtek to hike output

    Cirtek to hike output

    MANILA, Philippines — Cirtek Electronics Corp will scale up its production and improve revenues

    Read more
  • Jul 05, 2021

    Cirtek to push stock rights offer

    By Faye Almazan The Manila Times

    Listed Cirtek Holdings Philippines Corp. on Wednesday said the Philippine Stock Exchange Inc. (PSE) has approved its stock rights offering (SRO) with bonus detachable warrants.

    In a disclosure to the exchange, the company said the PSE approved its listing application last June 23.

    Cirtek intends to list 249.44 million common shares and 249.44 million Bonus Detachable Warrants, with 249.44 million underlying common shares.

    The firm said it has set the final offer price of its SRO at P5.50 and the final exercise price of its bonus detachable warrants also at P5.5...

    Read more
  • Jul 14, 2021

    Cirtek's Quintel extends supply deal with American telcos

    Published by James A. Loyola Manila Bulletin

    Quintel USA, Inc., the Telecom Base Station Antenna unit under of Cirtek Holdings Philippines Corporation has extended its Master Supply Agreement with two major leading carriers in North America.

    In a disclosure to the Philippine Stock Exchange, Cirtek said “This extension allows Quintel another five years of secured business with these two telcos.”

    It added that, “This comes at a time following a series of new product introductions released by Quintel when 5G is at an inflection point.”

    Quintel’s 5G products are precisely designed with the custome...

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