THE MAIN INDEX surged on Wednesday as investors bought shares ahead of the Bangko Sentral ng Pilipinas (BSP) policy meeting on Thursday, where analysts expect a rate hike to combat inflation. The benchmark Philippine Stock Exchange index (PSEi) climbed by 132.94 points or 2.01% to close at 6,727.60 on Wednesday, while the broader all shares […]
Tag: shares
Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO
KUALA LUMPUR, May 17, 2022 – (ACN Newswire via SEAPRWire.com) – Yew Lee Pacific Group Berhad (YLPG), an established manufacturer principally involved in the manufacturing of industrial brushes as well as the trading of machinery parts and industrial hardware, launched the Company’s prospectus today for an initial public offering (IPO) leading to a listing on […]
CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times
KUALA LUMPUR, May 13, 2022 – (ACN Newswire via SEAPRWire.com) – CNERGENZ Berhad (CNERGENZ) is pleased to announce that the share allocation to the Malaysian public from its IPO has been oversubscribed by 40.32 times. Chief Executive Officer & Executive Director of CNERGENZ Berhad, Mr. Lye Yhin Choy CNERGENZ’s IPO comprises a public issue of […]
DITO, Chelsea shares slide after report of possible sale
Shares in two Philippine firms owned by tycoon Dennis A. Uy, a close associate of outgoing President Rodrigo R. Duterte, tumbled in early trading on Friday, after Reuters reported a potential sale of the companies. DITO CME Holdings, Inc., owner of the country’ third-biggest telecoms operator, and Chelsea Logistics lost as much as 7% and […]
VistaREIT, Raslag secure SEC nod on initial public offering
THE Securities and Exchange Commission (SEC) announced on Thursday that it approved the initial public offering (IPO) of VistaREIT, Inc. of up to P9.178 billion and Raslag Corp. worth up to P700 million. In its meeting on May 5, the commission en banc resolved to render effective the registration statements of VistaREIT and Raslag covering […]
Manila Mining plans P519-million stock rights offer
MANILA Mining Corp. said it is eyeing a stock rights offering amounting to P519.2 million to fund its exploration program, administrative costs, and settle trade payables and accruals. It plans to offer 51,917,357,740 common shares of the company, with a par value of P0.01 per share, consisting of 31,159,217,274 class A shares and 20,758,140,466 class […]
AyalaLand Logistics profit up 19%
AYALALAND Logistics Holdings Corp. reported a 19% increase in net income to P197 million in the first quarter of 2022, a year when it aims to boost its business performance. “Our growth plans are geared to enable AyalaLand Logistics to seize opportunities in the new economy. With the competitive advantage from our solid portfolio of […]
CNERGENZ Berhad launches Prospectus for ACE Market IPO
KUALA LUMPUR, Apr 29, 2022 – (ACN Newswire via SEAPRWire.com) – Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company’s Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities). Mr. David Lim, Chief Executive Officer of UOB […]
Seng Fong Holdings Berhad Obtains SC Approval for Main Market Listing
KUALA LUMPUR, Apr 26, 2022 – (ACN Newswire via SEAPRWire.com) – Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, via its subsidiaries, is pleased to announce that the Company has, in the month of April 2022, obtained the approval of the Securities Commission Malaysia […]
Yungtay Becomes a Wholly Owned Subsidiary, to Be Renamed Hitachi-Yungtay Elevator
TOKYO, Apr 22, 2022 – (JCN Newswire via SEAPRWire.com) – Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that the acquisition of all the outstanding shares of Yungtay Engineering Co., Ltd. (“Yungtay”), a Taiwan-based subsidiary engaged in the manufacture, sale, and service of elevators and escalators, with a view to strengthening its elevator and escalator business […]
AyalaLand Logistics to hike capital stock
AYALALAND LOGISTICS Holdings Corp. stockholders on Thursday approved an increase in the company’s authorized capital stock of up to P10 billion to fund its growth plans. This will be “used as funding source for the company’s expansion projects and growth plans,” Francis M. Montojo, chief finance officer of the company, said during its annual stockholders’ […]
Yew Lee Pacific Group Bhd Engages M&A Securities Sdn Bhd to Manage Listing Exercise
KUALA LUMPUR, Apr 11, 2022 – (ACN Newswire via SEAPRWire.com) – Yew Lee Pacific Group Bhd (Yew Lee), an established manufacturer of industrial brushes as well as the trading of machinery parts and industrial hardware is pleased to announce that it has entered into an underwriting agreement with M&A Securities Sdn Bhd (M&A Securities) today […]
Electronics Manufacturing Solutions Provider Cnergenz Berhad Enlists UOB Kay Hian Securities as Underwriter for Its Listing Exercise
KUALA LUMPUR, Apr 4, 2022 – (ACN Newswire via SEAPRWire.com) – Cnergenz Berhad (“Cnergenz” or the “Company”), an electronics manufacturing solutions provider based in Penang, specialising in surface mount technology (“SMT”) catering to the electronics and semiconductor industries (“E&S Industries”), is pleased to announce that the Company has entered into an underwriting agreement with UOB […]
Resintech Bhd Proposes Bonus Share and Warrant Issues
KUALA LUMPUR, Apr 1, 2022 – (ACN Newswire via SEAPRWire.com) – Resintech Berhad (7232; RESINTC), a fully integrated provider of polyethylene products and unplasticized polyvinyl chloride (uPVC), has today proposed a bonus issue of up to 50,308,463 new ordinary shares on the basis of 1 bonus share for every 3 existing Resintech shares as well […]
ATN Holdings speeds up renewables project
ATN Holdings, Inc. has hastened its adoption of renewable energy by developing an initial 1.4 megawatt (MW) solar power plant to provide electricity to its crusher plant and electric trucks for mining, it told the stock exchange on Wednesday. In its disclosure, the company said that its board of directors in a meeting on March […]
Asian shares skid after hot price data point to rate increases
SHARES were mostly lower Friday, February 11, 2022, in Asia after a sell-off on Wall Street spurred by news that US inflation jumped 7.5 percent in January, which raised expectatio…
Society Pass (SoPa) Announces Pricing of US$10 Million Underwritten Public Offering
SINGAPORE, Feb 9, 2022 – (ACN Newswire via SEAPRWire.com) – Society Pass Incorporated (Nasdaq: SOPA) (“SoPa” or the “Company”), a leading Southeast Asian data-driven loyalty platform, today announced the pricing of its underwritten public offering of 3,030,300 shares of common stock and accompanying warrants to purchase up to 3,030,300 shares of common stock. Each share […]
Asian shares mixed after China reports slowing growth
SHARES were mixed in Asia on Monday, January 17, 2022 after China reported that its economy expanded at an 8.1 percent annual pace in 2021, though growth slowed to half that level…
PH shares fall in New Year’s Eve trading
PHILIPPINE shares ended 2021 in the red, with the benchmark index losing 211.93 points or down 2.89 percent to 7,122.3.Meanwhile, the broader all shares index went down 65.26 point…
AC Energy, unit forge asset-for-shares swap deal
Ayala-led AC Energy Corp. is swapping some of its assets for shares in its oil and gas exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities signed earlier this week. In separate disclosures on Friday, the listed companies said that under the property-for-shares swap, ACE Enexor will issue 339,076,058 of […]