Cirtek’s subsidiaries secure ISO certifications

Mar 13, 2022

Cirtek’s subsidiaries secure ISO certifications

Published by Manila Standard

Cirtek Holdings Philippines Corp. said two of its subsidiaries secured ISO certifications.

CHP said in a disclosure to the stock exchange Cirtek Electronics Corp. and Cirtek Advanced Technology Solutions Inc. passed their ISO 14000 audits with zero non-conformance.

“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” CHP said

CHP said passing and securing an ISO 14000 standard provides assurance that a company has effectively established and maintains adequate environmental standards and management systems.

It also guarantees that organizations holding an ISO 140001 certificate adhere to the international environmental laws and regulations, run its operations with the aim of preventing pollution and continuously strive to improve environmental performance, sustainability and Green standards.

CHP said the certifications would also enable it to secure European customers that are highly particular and selective with engaging partners who are environmental compliant and have a Green advocacy.

“Through its environmental certification, CHPC expects continuous internal organic sales growth from its European and Japanese customers,” the company said.

CHP also reported it extended support to have majority of employees vaccinated against COVID-19.

The company cooperated with Laguna Technopark’s vaccination facility by fielding its own set of medical volunteers who provided the employees easier access to a vaccination facility directly adjacent to the company’s facility.

This drove the workforce’s vaccination rate to 99.70 percent. The company’s medical team is moving forward to provide COVID-19 booster shots to strengthen herd immunity and pave the way to opening its doors again to international customers and visitors.

  • Dec 05, 2021

    Cirtek preferred shares offer secures SEC nod

    Published by Daily Tribune

    The Securities and Exchange Commission (SEC) has issued Cirtek Holdings Philippines Corporation (TECH) a permit to sell and order of registration of securities for the primary offering of up to 50 million Preferred Class B-2 Shares.

    In a disclosure on Thursday, TECH said the cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares has a par value of P1.00 per share at an offer price of P50 per share to be issued as Preferred Class B-2 Subseries C or D Shares.

    The preferred shares are targeted to b...

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  • 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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  • Jul 19, 2021

    No brainer: Abacus explains the value of TECH warrants

    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...

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