Deal-maker AMAL seeks P260 million IPO

MANILA, Philippines — Business consultancy firm Asian Mergers and Acquisition Links Inc. (AMAL) is planning to debut on the small, medium, and emerging (SME) board of the Philippine Stock Exchange to raise as much as P260 million to expand its footprint across the region.

Based on a registration statement filed at the Securities and Exchange Commission dated April 19, AMAL plans to sell as much as 130 million common shares at an offer price of up to P2 per share.

This will bring to public hands about 25 percent of the company’s ownership after the stock market debut.

Local investment house Investment & Capital Corp. of the Philippines (ICCP) has been mandated as the underwriter and issue manager for this offering.

Net proceeds from the offer will be used to establish new subsidiaries in Singapore and Indonesia as well as boost existing investments in the Philippines, Thailand, Vietnam, and Malaysia.  In the Philippines, AMAL plans to set up a new subsidiary that will engage in the lending business.

Incorporated in 2015, AMAL is an emerging merger and acquisition (M&A) advisory company engaged in providing business consultancy services to the general public.  Its usual clients are small and medium enterprises with valuation ranging from P100 Million to as much as P1 billion.

AMAL is led by its principal shareholder, founder, and president/chief executive officer Hideki Tanifuji, a Japanese M&A deal-maker who started his career in Tokyo.