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Clark-Based Casino Resort Eyes P13B From IPO
The Philippine Star
|June 02, 2025
Hann Holdings Inc., the company behind the Hann Casino Resort in Pampanga, is targeting to raise as much as P12.98 billion in what could potentially be the country's third initial public offering (IPO) for this year.
Based on the company's preliminary prospectus dated May 30, 2025, Hann Holdings is targeting to issue a total of 550 million shares priced at up to P23.60 each.
The offering includes a primary offer of up to 500 million common shares and an over-allotment option of up to 50 million secondary common shares.
The company is eyeing the IPO by September, subject to the approval of the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE).
CLSA Ltd. has been tapped as sole global coordinator and joint bookrunner, while Asia United Bank Corp., BDO Capital & Investment Corp., China Bank Capital Corp. and PNB Capital and Investment Corp. will serve as domestic underwriters and joint bookrunners.
The company will use the IPO proceeds to support its expansion plans.
यह कहानी The Philippine Star के June 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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