Published by Philstar
MANILA, Philippines — Cirtek Holdings Philippines Corp. (CHPC) has raised its environmental standards and management systems.
In a statement, CHPC said that its subsidiaries, Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI) recently passed their ISO 14000 audits with Zero (0) non-conformance.
“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” CHPC said.
The internationally recognized quality standards mean a company has effectively established and maintains adequate environmental standards as well as management systems.
Thus, an organization issued an ISO 140001 certificate operates in a manner that is more favorable to the environment, adhering international environmental laws and regulations, running its operations with the aim of preventing pollution, and continuously striving to improve its environmental performance, sustainability and green standards.
“Being ISO 14000 certified opens CHPC’s doors to the European customer demographics that are highly particular and selective with engaging partners who are environmentally compliant and have a green advocacy. Through its environmental certification, CHPC expects continuous internal organic sales growth from its European and Japanese customers,” CHPC said.
Moving forward, the company is bullish on the semiconductor industry worldwide, which is expected to experience growth between 10 percent and 15 percent this 2022.
Jul 19, 2021
Published by Bilyonaryo
Shareholders of Cirtek Holdings Philippines Corp. are probably scratching their heads over the stock’s underwhelming performance in the middle of its P1.4B stock rights offering.
Shares of TECH closed at P5.21 per share during Friday’s trading, down 25 percent from an intra-day high and below the P5.50 subscription price for the SRO.
Should shareholders subscribe when they can buy shares for cheaper at market?
Nicky Franco, the head of research of Abacus Securities, said taking up the TECH rights with its bonus warrants should be a “no brainer.”
Franco estimated that th...
Read moreJan 12, 2021
CIRTEK ELECTRONICS Corp. aims to raise local production by 20% when it works with global consumers to provide consumer electronic components and electrical charger products.
Read moreDec 02, 2021
Published by Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Thursday said it secured the green light of the Securities and Exchange Commission for its primary offering of up to 50 million in perpetual preferred shares.
The company is selling its preferred shares to be classified as class B-2 subseries C or D shares at P50 apiece. Cirtek expects to raise some P2.5 billion from the offering.
The public offer period will run until December 3 and will be listed on the Philippine Stock Exchange on December 14.
Cirtek has been allowed to offer up to 70 million shares, or proceeds ...
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