Monde Nissin’s IPO receives PSE approval
23rd April 2021 3 hours ago
ANTARA/Business Wire
Not for Publication or Distribution in the United States, European Economic Area, the United Kingdom, Canada, Japan, and Australia
Makati City, Philippines (Antara/Business Wire)- Monde Nissin Corporation (“Monde Nissin” or the “Company”) today announced it has received the Notice of Approval from the Philippine Stock Exchange (“PSE”) for its proposed initial public offering of its Common Shares (the “Offer”). The PSE approval comes one day after the Company received pre-effective approval from the Philippine Securities and Exchange Commission (“SEC”).
As previously announced, Monde Nissin plans to issue up to approximately 20% of the issued and outstanding capital stock of the Company after completion of the Offer if the overallotment option is not exercised. The Company intends to use the net proceeds from the primary offer to fund Capital Expenditure, redemption
Tuesday, April 06, 2021, 14:21 GMT+7
This supplied photo shows an employee checking goods at a shelf at a VinMart supermarket in Vietnam.
Vietnam s Masan Group Corporation and SK Group from South Korea on Tuesday announced the signing of definitive agreements for the latter s acquisition of a 16.26 percent stake in the former s VinCommerce for a total cash consideration of US$410 million.
The transaction values VinCommerce at $2.5 billion for 100 percent of its equity, the two sides said in a statement.
Masan and SK share the same view in Vietnam’s Modern Trade Grocery Retail (MT) explosive growth trajectory.
Vietnam’s MT market is expected to increase its share to 50 percent from eight percent of the retail landscape, making the country the fastest-growing MT market in the Asia-Pacific region over the next decade.
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Monde Nissin files registration application with Philippine SEC for initial public offering 5th March 2021
ANTARA/Business Wire
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, EUROPEAN ECONOMIC AREA, THE UNITED KINGDOM, CANADA, JAPAN, AND AUSTRALIA
Makati City, Phillippines (Antara/Business Wire)- Monde Nissin Corporation (“Monde Nissin”) today announced that it has filed a registration statement with the Philippine Securities and Exchange Commission relating to a proposed initial public offering of its Common Shares (the “Offer”). Monde Nissin plans to issue up to 3,600,000,000 shares, at a price of up to Php17.50 per share. A maximum amount of gross proceeds of Php63 billion may be expected from the Offer, excluding proceeds from the exercise of an over-allotment option of up to 15% of the 3,600,000,000 offer shares. Typically, underwriting discounts and commissions, and other offering expenses payable by Monde Nissin are expected to be deducted from the gro