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SEC OKs Citicore Renewable IPO
January 18, 2024
|The Philippine Star
The Securities and Exchange Commission (SEC) has given its green light to the P11.252-billion initial public offering (IPO) of Citicore Renewable Energy Corp. (CREC).
CREC plans to conduct its share sale from March 4 to 8 with a target to list its shares on the main board of the Philippine Stock Exchange on March 15.
Its parent company Citicore Power is a direct subsidiary of Citicore Holdings Investment Inc. (CHII), which in turn, is the parent company of construction and engineering company Megawide Construction Corp.
According to its registration statement, Citicore Renewable aims to raise as much as P11.252 billion from an offering of 2.9 billion common shares at P3.88 per piece, including an additional 435 million outstanding common shares for over-allotment.
هذه القصة من طبعة January 18, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Philippine Star
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