The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of stock broker CTS Global Equity Group Inc., which aims to raise as much as P1.37 billion. In its March 10 en banc meeting, the SEC gave its nod to the registration statement of CTS Global covering…
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of stock brokerage firm CTS Global Equity Group, Inc. worth up to P1.38 billion. The Commission En Banc resolved to render effective the registration statement of CTS Global covering 6.88 billion common shar
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. (PSE). Net proceeds from the offering are expected to amount to about PHP1.35 billion, which the company will use for the scaling of its global trading operations, client account management expansion, and general corporate purposes. CTS Global engages in the trading of equities as a broker-dealer for the Philippine market, as well as global markets including the United States, China, Hong Kong,
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