PH Resorts moves schedule of offering

PH Resorts Holdings Inc. said Tuesday it moved the timetable for its planned P1.125-billion share sale by two days to avoid competing with two big-ticket equity offerings.

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PH Resorts filed a revised timetable with the Philippine Stock Exchange showing the offering period for the sale of 450 million common shares moved to Oct. 21 to 28 from the previous date of Oct. 19 to 26.

The listing date was also moved to Nov. 5 from the earlier target of Nov. 3.

“The adjusted offer timetable is in consideration of the final timetables of the initial public offering of Converge Information and Communications Technology Solutions, Inc. and the offering of San Miguel Corp.’s Series 2-J preferred shares,” PH Resorts said.

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The offering for Converge ICT’s P29-billion maiden share offering started on Oct. 12 and will end on Oct.16 while the P20-billion preferred shares offering of San Miguel started Oct. 13 and will end of Oct. 19.

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Article and Photo originally posted by Manila Standard last October 13, 2020 7:55pm and written by Jenniffer B. Austria.

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