Cirtek lists SRO shares

Aug 16, 2021

Cirtek lists SRO shares

Publishehd by Rappler

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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

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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

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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.

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  • Oct 28, 2021

    SEC clears Cirtek’s P3.5-B shares offer

    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 submi...

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  • Sep 16, 2020

    Cirtek unit bags contract for US telco’s 5G expansion

    Cirtek unit bags contract for US telco’s 5G expansion

    Quintel USA, Inc., a wholly owned subsidiary of Cirtek Holdings Philippines Corporation, has signed a Master Purchase Agreement

    Read more
  • Dec 03, 2021

    Cirtek wrapping up P2.5-B perpetual preferred shares offer

    Published by Inquirer.net

    Electronics manufacturer Cirtek Holdings Philippines Corp. is set to conclude today, Dec. 3, the public offering of as much as P2.5 billion worth of perpetual preferred shares, proceeds from which will be used to refinance debt and fund the expansion of key subsidiaries.

    Cirtek’s preferred shares have two series: one with a synthetic maturity of three years carrying an interest rate of 6.5864 percent per annum, and another with a synthetic maturity of five years carrying an interest rate of 7.7506 percent per annum.

    Higher divident rate The synthetic maturity means th...

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