Jerry Liu gets SEC’s nod to proceed with Cirtek’s preferred share offer

Oct 27, 2021

Jerry Liu gets SEC’s nod to proceed with Cirtek’s preferred share offer

Published by Bilyonaryo

The Securities and Exchange Commission (SEC) has approved the plan of Jerry Liu-led Cirtek Holdings Philippines Corp. to raise up to P3.5 billion from the sale of preferred shares.

Cirtek is selling up to 70 million preferred shares at P50 per share.

Net proceeds from the offering, amounting to P3.44 billion, will be used to refinance debt, pay down maturing obligations and support capital expenditure requirements.

The offering will start on November 25 and will run until December 3, in time for the listing of the preferred shares on the Philippine Stock Exchange on December 10.

Cirtek has tapped PNB Capital and Investment Corporation as the sole issue manager, lead underwriter, and sole bookrunner for the offer.

  • 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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  • May 12, 2020

    Press Release  -  May 12, 2020

    Press Release - May 12, 2020

    Cirtek Holdings Philippines Corp., through its wholly owned subsidiary, Quintel USA, Inc.

    Read more
  • Aug 17, 2021

    Cirtek lists 249M common shares, to issue warrants

    Published by Business World

    CIRTEK Holdings Philippines Corp. has listed 249.44 million common shares in the local bourse, and will issue bonus detachable warrants of the same number, the company said on Monday.

    In a press release, Cirtek Holdings said that the common shares sold through a stock rights offer are at an offer price of P5.50 per entitlement right each. The company set the ratio at one entitlement right for every 1.68 common shares.

    Meanwhile, the company said that it is also issuing bonus detachable warrants which are free-of-charge to the investor. “[The warrants] shall be issue...

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