BusinessWorld
May 7, 2021 | 8:02 pm
Philippine Stock Exchange index
Philippine shares closed the week in the red after data showed that the country’s unemployment rate went down in March and as the country’s pandemic situation continue to cloud investor sentiment.
The Philippine Stock Exchange index (PSEi) went down by 24.07 points or 0.38% to close at 6,258.71 on Friday, while the all shares index decreased by 2.22 points or 0.05% to finish at P3,877.43.
“Philippine shares closed lower as investors focused their attention on the highly anticipated jobs data, while fund managers continued to assess the new set of earnings that came out,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.
BusinessWorld
May 7, 2021 | 12:10 am
Keren Concepcion G. Valmonte
MONDE Nissin Corp. has set the final price of its maiden offering to P13.50, around 23% lower than the P17.50 ceiling declared in its registration statement after receiving advisory from its banking partners.
“Upon the recommendation and after consultation with the joint global coordinators and joint bookrunners, the offer price for the initial public offering of Monde Nissin Corp.’s common shares has been fixed at P13.50 per common share,” the company said in a disclosure on Thursday.
The Lucky Me! noodles manufacturer initially said it would offer 3.6 billion common shares, with an overallotment option of up to 540 million shares.
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BusinessWorld
April 29, 2021 | 12:33 am
DEL MONTE Philippines, Inc. (DMPI) on Wednesday revived its initial public offering (IPO) plan, which aims to raise as much as P44 billion.
In a filing with the Securities and Exchange Commission (SEC), DMPI said it will offer and sell up to 699.33 million secondary common shares, with an over-allotment option of up to 104.899 million common shares.
The shares will have a maximum price of up to P54.80 each, which could make DMPI’s IPO one of the biggest in the Philippines.
DMPI said the offer consists of existing common shares owned by Del Monte Pacific Ltd. (DMPL) subsidiaries Central American Resources, Inc., which will sell up to 15% of its 87% stake in DMPI, and SEA Diner Holdings (S) Pte Ltd., which is offering 10% of its 13% ownership in the company.