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SEC OKs IPO of consumer electronics firm

/ 02:32 PM October 18, 2019

The Securities and Exchange Commission has cleared an initial public offering worth as much as P10.7 billion planned by consumer electronics manufacturer Cal-Comp Technology (Philippines) Inc.

Cal-Comp plans to raise as much as P9.29 billion from the sale of primary shares. In case of excess demand, P1.39 billion additional shares will be sold.

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The sale would run from Nov. 11-18, a schedule which has yet to be approved by the Philippine Stock Exchange (PSE)./TSB

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TAGS: IPO, Market, primary, SEC, shares
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