Pilipinas Shell Petroleum Corp. is seeking more time—or until the end of 2013—to decide whether it will offer shares to the public through a long overdue initial public offering (IPO). “Everything hinges on the study on upgrading the refinery and the law states that if you have a refinery, you should commit 10 percent [...]
The Rebisco group’s banking arm, Asia United Bank, debuted strongly on the Philippine Stock Exchange on Friday as investors bet on the company’s robust growth prospects.
The Gokongwei group plans to bring its privately held retail arm to public hands this year—an exercise that may raise as much as $800 million, newswire Bloomberg reported Friday.
Gaming operator Travellers International Hotel Group Inc., a partnership between the groups of local retail tycoon Andrew Tan and the Genting group, has officially filed an application to conduct an initial public offering at the Philippine Stock Exchange.
Gaming operator Travellers International Hotel Group Inc., a partnership between the groups of local retail tycoon Andrew Tan and the Genting group, has officially filed an application to conduct an initial public offering at the local stock exchange.
SMC Global Power Holdings (SMC Power), one of the country’s leading power generation companies, has revived plans to debut on the Philippine Stock Exchange this year, aiming to raise as much as $700 million through an initial public offering.
Asia United Bank, owned by the Ng family behind snack food maker Rebisco Biscuit Corp., has priced its initial public offering (IPO) at the middle of the initial range, resulting in heavy oversubscription for the biggest component of the P8.36-billion issue.
The Rebisco group’s Asia United Bank has priced its initial public offering at P95 per share, enabling the bank to raise P8.36 billion from its debut on the stock market.
Gaming firm Melco Crown Philippines (MCP) has raised $377 million from an equity placement deal priced at the top end of the target range.
The Securities and Exchange Commission has approved a plan by the Rebisco group’s commercial banking arm Asia United Bank to sell as much as P9.68 billion worth of shares and debut on the Philippine Stock Exchange.
Timely riding on the country’s newly minted investment grade rating, tycoon Lucio Tan-led conglomerate LTG Group Inc. raised $920 million from the sale of stocks in a landmark equity deal that commanded unprecedented global investor interest and hefty market premium.
The Philippine maker of American soft drink RC Cola is making plans to debut on the local stock exchange to fund a regional expansion program.
