Cebu Landmasters [CLI 2.60 1.14%] [link] board approves P8 billion bond offering (P5 billion base, plus P3 billion over-subscription). This is the first tranche of the P15 billion shelf-registration, and will offer bonds with “indicative maturities ranging from 3.5 to 7 years”. Maybe it’s a good time for companies to take on debt like this before market rates rise significantly?
AllDay Marts [ALLDY 0.32 5.97%] [link] disclosed that 2.6. billion shares held by Manny Villar’s private holdco will come out of mandatory lockup on June 25, and will be available for trading on June 27. I don’t expect Mr. Villar to be a seller on the 27th, but it’s worth checking. Even though ALLDY is down 48% since its IPO, trading at just P0.32/share, Mr. Villar only paid P0.10/share for the shares that are coming out of lockup. So he’s still sitting on a 220% gain. I’m not saying, I’m just saying.
Emperador [EMP 18.20 1.11%] [link] board accepts the conditions in the updated conditional eligibility-to-list letter issued by the Singapore Exchange (SGX), as part of EMP’s goal to execute a secondary listing on SGX by way of introduction. The board also approved publication of the Introductory Document, which serves as a prospectus for the IPO by way of introduction. Maybe I’m missing something, but I still don’t see how many shares EMP is selling, and how much they plan to raise by doing so.
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