SMC rolls out P80B preferred shares offer:
MANILA, Philippines-Conglomerate San Miguel Corp. launched on Monday a retail offering of preferred shares worth as much as P80 billion, the single largest capital-raising activity in the country to date.
The public offering of the new series of SMC preferred shares will run until Sept. 14 while the listing on the Philippine Stock Exchange is targeted by September 28, a bookrunner said on Monday.
SMC is also set to hold a roadshow for Metro Manila investors on Tuesday, then moving on to Cebu on Wednesday and to Davao later in the week.
The Securities and Exchange Commission last week approved the registration of as much as 1.067 billion in new SMC...
Keep on reading: SMC rolls out P80B preferred shares offer
The public offering of the new series of SMC preferred shares will run until Sept. 14 while the listing on the Philippine Stock Exchange is targeted by September 28, a bookrunner said on Monday.
SMC is also set to hold a roadshow for Metro Manila investors on Tuesday, then moving on to Cebu on Wednesday and to Davao later in the week.
The Securities and Exchange Commission last week approved the registration of as much as 1.067 billion in new SMC...
Keep on reading: SMC rolls out P80B preferred shares offer
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