comparemela.com

Latest Breaking News On - Central american resources inc - Page 2 : comparemela.com

Del Monte eyeing to raise ₱44-B in second IPO attempt

endIndex: Metro Manila (CNN Philippines, April 29) Del Monte Philippines Inc. is giving another try to its initial public offering, which could raise the firm up to ₱44 billion, its parent company confirmed. Del Monte Pacific Limited announced to the local bourse on Thursday that its local subsidiary has filed a registration statement to the Securities and Exchange Commission on its proposed IPO. The food and beverage company hopes to sell 699.33 million secondary shares along with an over-allotment option of up to 104.9 million shares, its preliminary prospectus revealed. The shares will be sold up to ₱54.80 apiece. DMPI initially geared up for an IPO in 2018 but shelved its plans at the time, attributing the move to then-volatile market conditions.

Del Monte Philippines revives IPO plan

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.

Del Monte Phils pushes P44-B initial public offering

Published April 28, 2021, 4:35 PM Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company. Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed Del Monte Pacific Ltd. (DMPL) owns 87 percent of DMPI through Central American Resources, Inc. (CARI) while SEA Diner Holdings (S) Pte. Ltd. owns the balance of 13 percent. DMPL and SEA Diner intend to offer up to 15 percent and up to 10 percent of their stake in DMPI, respectively, for a combined offering of up to 25 percent or 699.33 million DMPI shares.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.