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                    [ArticleID] => 98017
                    [Title] => Macondray Plastics’ IPO gets warm reception at bourse
                    [Summary] => Macondray Plastics Inc. marked its debut yesterday at the Philippine Stock Exchange on a high note as it shrugged off the overall weakness in the market with a modest gain in its share price.


Stocks of the Davao-based, Lorenzo-controlled manufacturing firm were actively traded, ranging from its IPO price of P5.40 to as high as P5.70 It ended 20 centavos or almost four percent higher to P5.60 at the close of trading.


Macondray offered 16.74 million common shares equivalent to a 34-percent stake in the company for a total consideration of P90.4 million.


                    [DatePublished] => 2000-11-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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LAND DEVELOPERS

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                    [ArticleID] => 98017
                    [Title] => Macondray Plastics’ IPO gets warm reception at bourse
                    [Summary] => Macondray Plastics Inc. marked its debut yesterday at the Philippine Stock Exchange on a high note as it shrugged off the overall weakness in the market with a modest gain in its share price.


Stocks of the Davao-based, Lorenzo-controlled manufacturing firm were actively traded, ranging from its IPO price of P5.40 to as high as P5.70 It ended 20 centavos or almost four percent higher to P5.60 at the close of trading.


Macondray offered 16.74 million common shares equivalent to a 34-percent stake in the company for a total consideration of P90.4 million.


                    [DatePublished] => 2000-11-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Macondray Plastics’ IPO gets warm reception at bourse

By Christina Mendez | November 24, 2000 - 12:00am

Macondray Plastics Inc. marked its debut yesterday at the Philippine Stock Exchange on a high note as it shrugged off the overall weakness in the market with a modest gain in its share price. Stocks of the Davao-based,...

Business