Hann Group chief bullish on IPO prospects

Hann Group founder and chief executive officer Dae Sik Han is optimistic on Hann Holdings Inc.'s upcoming initial public offering (IPO) by September this year despite the recent volatility in the market.

- — Richmond Mercurio

"It's going pretty okay. We've gotten pretty good positive feedback, so I think it should be okay," Han said in an interview on "Thought Leaders" on One News.

"Right now, our main market is more domestic and then a few foreign markets. As everybody knows this, Philippines is more of a consumer driven market. And then all of the tariff and tensions, relatively, I don't think Philippines will be very much affected," he said.

Hann Holdings, which operates Hann Casino Resort in Pampanga through subsidiary Hann Philippines Inc., intends to offer up to 500 million primary shares to the public priced at P23.60 apiece.