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Philippines
Sunday, October 13, 2024

Follow-on offering

Officials of 8990 Holdings Inc. lead a bell ringing ceremony at the Philippine Stock Exchange to mark the company’s listing of P3.7-billion of Series B preferred shares. 8990 will use the proceeds from the follow-on offering to finance obligations secured for operations and construction activities. Attending the ceremony are (from left, by row) 8990 Holdings chairman emeritus Luis Yu Jr. and PSE chief operating officer Roel Refran; 8990 Holdings chief finance officer Roan Torregoza, 8990 Holdings chairman Mariano Martinez Jr., PSE president and chief executive Ramon Monzon and PSE issuer regulation division head Marigel Garcia; China Bank Capital Corp. president Ryan Martin Tapia, PSE general counsel Veronica Del Rosario, Securities Clearing Corporation of the Philippines chief operating officer Renee Rubio and PSE capital markets development division head Mark Frederick Visda.

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