Published by Manila Times
THE Securities and Exchange Commission (SEC) has cleared the P3.5-billion preferred shares offering of tech manufacturer, Cirtek Holdings Philippines Corp.
The commission on Wednesday said it has approved Cirtek's registration statement in its meeting on October 26.
The registration statement covers 50 million preferred B-2 Subseries C and D shares priced at P50 apiece, with an oversubscription option of up to 20 million shares.
Cirtek looks to raise up to P3.44 billion from the offer, which will refinance the company's existing debt, partially pay its maturing debt and fund its capital expenditures and equipment and the working capital of its subsidiaries.
According to the SEC, Cirtek's offer period will run from November 25 to December 3, while listing on the main board of the stock exchange is eyed on December 10.
PSE OKs Medilines first IPO PNB Capital and Investment Corp. was assigned as the sole issue manager, lead underwriter and sole bookrunner for the transaction.
Cirtek's net income rose by 60 percent to $8 million in the first six months of the year from $5 million in the same period last year.
Shares of Cirtek were up 6 centavos or 1.39 percent to close at P4.37 each on Wednesday.
Sep 15, 2020
The US unit of Laguna-based Cirtek Holdings Philippines Corp. on Tuesday said it bagged a deal for a master purchase agreement with one of the top 5 wireless carriers in North America.
Read moreJul 14, 2021
Published By VG CABUAG BusinessMirror
Quintel USA Inc., a unit of Laguna-based Cirtek Holdings Philippines Corp., on Monday said it has extended its master supply agreement with two major leading carriers in North America.
The extension of the agreement allows Quintel another 5 years of secured business with these two telcos, the firm said.
“Quintel is poised to grow its business in the near to medium term as evidenced by the relevance of its pioneering products that has been well received by our customers. Our products allow carriers to stay ahead of their game and maximize 5G services in the...
Read moreJan 13, 2025
Published by Bilyonary
Bilyonaryo Jerry Liu’s Cirtek Advanced Technologies and Solutions Inc. (CATSI) has been named the No. 1 contract manufacturer for evaluation boards by U.S.-based semiconductor firm Analog Devices Inc. (ADI) for the fourth quarter of 2024.
The recognition marks CATSI’s rise to the top spot after ranking third in the first half of the year and second in the third quarter, ADI said.
Evaluation boards are a critical business line for ADI, enabling the promotion of its analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) to electronic design com...
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