Hann Holdings readies ₱13B IPO for Clark casino, resorts

The Securities and Exchange Commission (SEC) has approved the planned P13-billion initial public offering (IPO) of Hann Holdings Inc., the owner and developer of the integrated resort (IR) brand Hann Resort.

- By JAMES A. LOYOLA

In its meeting on July 17, the Commission En Banc resolved to render effective the registration statement of Hann Holdings covering up to 2.5 million common shares, subject to the company’s compliance with certain remaining requirements.

Hann Holdings will offer to the public up to 500 million primary firm offer shares priced at up to 23.60 each. It also has an overallotment option of up to 50 million shares to be offered at the same price by the company’s selling shareholder, Hann Group Holdings W.L.L.