PH Resorts moves schedule of offering
PH Resorts Holdings Inc. said Tuesday it moved the timetable for its planned P1.125-billion share sale by two days to avoid competing with two big-ticket equity offerings.
PH Resorts filed a revised timetable with the Philippine Stock Exchange showing the offering period for the sale of 450 million common shares moved to Oct. 21 to 28 from the previous date of Oct. 19 to 26.
The listing date was also moved to Nov. 5 from the earlier target of Nov. 3.
“The adjusted offer timetable is in consideration of the final timetables of the initial public offering of Converge Information and Communications Technology Solutions, Inc. and the offering of San Miguel Corp.’s Series 2-J preferred shares,” PH Resorts said.
The offering for Converge ICT’s P29-billion maiden share offering started on Oct. 12 and will end on Oct.16 while the P20-billion preferred shares offering of San Miguel started Oct. 13 and will end of Oct. 19.
Related stories:
No related stories matched this topic.
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
Advertisement
