Regulators probe unlisted Abra Mining shares
Mar 8, 2021 10:50 AM PHT
The Securities and Exchange Commission (SEC), Philippine Stock Exchange (PSE), and Philippine Depository and Trust Corporation (PDTC) have teamed up to pursue the necessary actions to protect investors.
In a parallel preliminary fact-finding investigation, the SEC found that AR had 258.96 billion shares lodged with PDTC as of February 16. The figure exceeds the 72.9 billion shares the company listed with the PSE by over 186 billion.
In its 2019 financial statement, AR reported issued and outstanding capital stock comprising 99.29 billion shares.
The discrepancies are violations of the Revised Corporation Code of the Philippines or Republic Act No. 11232.
Lucky Me! maker Monde Nissin targets P63 billion in Philippines largest IPO
Mar 4, 2021 7:35 PM PHT
Monde Nissin filed for the listing approval with the Securities and Exchange Commission on Thursday, March 4.
It plans to sell up to 3.6 billion primary shares at a maximum price of P17.50. The overallotment option is up to 540 million shares.
Reuters reported that the planned IPO is set to be larger than Robinsons Retail Holdings Incorporated, which held a record $627-million maiden sale in 2013.
Monde Nissin is known for its products like instant noodles under the Lucky Me! brand, as well as baked goods and biscuits under the Monde, Nissin, Voice, and Bingo brands. Its affiliations include MY San biscuits, Mama Sita, and Dutch Mill milk, yogurt, and real fruit juice.