SEC okays CTS Global Equity Group IPO
MANILA - The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by CTS Global Equity Group, Inc. for up to PHP1.375 billion. In its March 10 meeting, the commission en banc resolved to render effective the registration statement of CTS Global covering 6.875 billion common shares, subject to the company's compliance with certain remaining requirements. CTS Global will offer to the public up to 1,375,000,000 common shares priced at up to PHP1 per share, to be listed on the Small, Medium, and Emerging Board of the Philippine Stock Exchange, Inc...