By Iris Gonzales (The Philippine Star) |
Updated November 13, 2015 - 12:00am
MANILA, Philippines - The Philippine
Stock Exchange has approved the listing applications of D.M. Wenceslao &
Associates, Inc., Datem Inc. and Italpinas.
Property builder D.M. Wenceslao plans to
raise up to P21.72 billion through the sale of 493.54 million shares, including
an overallotment option of 64.37 million shares, at a maximum price of P44
each.
The offer period will run from Nov. 24 to
Dec.1 while the listing is scheduled on Dec. 17.
Proceeds from the offering would be used
to fund the development of the company’s pipeline projects which include the
infrastructure within Aseana City as well as for land acquisitions.
Located next to Entertainment City in
Paranaque, Aseana City has a size of 204 hectares and is dubbed as the next
major central business district in Metro Manila.
Joint global coordinators, bookrunners and
international underwriters include BPI Capital Corp., CLSA Limited, Deutsche Bank
AG, Hong Kong Branch and Maybank Kim Eng Securities Pte. Ltd. while the
domestic lead underwriters are BPI Capital Corp. and Maybank ATR Kim Eng
Capital Partners.
Italpinas, meanwhile, will issue 57.6 million
common shares or 26 percent of its outstanding capital stock by way of primary
offering at P4.20 per share. The offering is slated on Nov. 23 and will last
until Nov. 27. Listing date has been set on Dec.7.
The company expects to raise as much as
P220.8 million from the offering, of which P120 million is allocated for
capital expenditures for new projects, P47 million for land banking and
acquisition, P33.1 million for general working capital and P20 million for
retirement of existing obligations.
Datem, meanwhile, is selling up to
329.05 million at a maximum price of P14.15 per share. It is set to debut on
the PSE on Dec. 8 with the offering slated from Nov. 24 to Dec. 1.
Datem’s ongoing projects include include
Alphaland Makati Place, Arthaland’s two-tower Arya Residences, De La Salle
University’s new Rufino Campus, Federal Land Inc.’s 47-storey Grand Hyatt
tower, Megaworld’s One Uptown tower, Two Central residential building and
Venive Grand Canal Mall and Global Estate Resort’s Savoy Hotel in Boracay.
Its past projects include Discovery
Primea, a luxury residential tower in Makati; Discovery Shores in Boracay and
the Mind Museum, the Philippines’ first world-class science museum and a LEED
Gold-certified building for design and construction.
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