newsare.net
MANILA, Philippines --The Philippine Stock Exchange has approved a follow-on offering worth as much as P11.99 billion planned by PH Resorts Group Holdings Inc. (PHR), a gaming business firm led by Davao-based businessman Dennis Uy. PHRPSE OKs PH Resorts’ P18.5B equity sale
MANILA, Philippines --The Philippine Stock Exchange has approved a follow-on offering worth as much as P11.99 billion planned by PH Resorts Group Holdings Inc. (PHR), a gaming business firm led by Davao-based businessman Dennis Uy. PHR plans to offer 2.054 billion common shares at a price per share between P3.65 and P5.84 each. The base offer consists of 1.786 billion shares but additional 267.94 million shares are earmarked for stabilization-related option. Based on an offering circular posted by the PSE on Friday, the follow-on offering of PHR would run from March 4 to 8 this year after a price-setting on Feb. 26. The shares are tentativ...Keep on reading: PSE OKs PH Resorts’ P18.5B equity sale Read more