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MANILA - The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by Tagum Global Medical Center, Inc. In its meeting on March 1, the commission en banc resolved to render effective the medical center's registration statement covering 156,000 common shares, subject to its compliance with certain remaining requirements. The company will offer 36,000 common shares, equivalent to 3,600 blocks consisting of 10 shares per block. The primary offering is divided into four series, with the first consisting of 1,400 blocks at an offer price of PHP200,000 per block, while the second is composed of 600 blocks priced at PHP250,000 per block. The third and fourth series consist of 700 blocks priced at PHP300,000 each and 900 blocks at PHP400,000 each, respectively. Net proceeds from the offering could amount to PHP997.087 million, which will be used for the construction and development of Tagum Global Medical Center and its pre-operating expenses,

City of tagumMindoro occidentalDavao del norteTagum cityExchange commissionGroup of hospitalsTagum global medical centerTagum global medical center incBarangay visayan villageDavao delAllied care expertsManila the securities and exchange commission sec has considered favorably initial public offering ipo by tagum global medical centerNc in its meeting on march 1He commission en banc resolved to render effective the medical center 39s registration statement covering 156000 common sharesUbject to its compliance with certain remaining requirements the company will offer 36