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LATEST UPDATES
RL Commercial REIT sets final IPO price at P6.45
RL Commercial REIT (RCR) set the final offer price of its initial public offering (IPO) at P6.45 per share, lower than the P7.31 announced earlier.
With the revision, RCR is now set to raise P23.5 billion from the IPO, offering 3.34 billion common shares and an overallotment of up to 305 million shares.
The offer will run from August 25 to September 3, while the tentative listing date on the Philippine Stock Exchange is September 14.
Bangko Sentral to accept digital bank applicants only until August 31
The Bangko Sentral ng Pilipinas (BSP) Monetary Board will accept applications from new digital banks only until August 31.
The BSP said the move to close the application window starting September 1 would help maintain “a stable and competitive environment for banks.”
Philippines lowers 2021 economic growth target over fresh lockdowns, Delta
The Philippines lowered its growth target for 2021 after the emergence of the COVID-19 Delta variant forced key cities to undergo another round of strict lockdowns.
Here is the projection of the Development Budget Coordination Committee.
Dito-Udenna share-swap deal gets SEC division nod
Dito CME Holdings Corporation said in a regulatory filing on Wednesday, August 18, that its share-swap application was given pre-clearance by the Financial Analysis and Audit Division of the Securities and Exchange Commission (SEC).
The deal will still have to be approved by the SEC and the Philippine Stock Exchange.
In November 2020, Dito CME entered into a share-swap deal with Udenna Corporation to become the controlling shareholder of Dito Telecommunity. Dito CME will acquire 100% of Udenna Communications Media and Entertainment from Udenna Corporation. UCME is the holding company which has indirect interest in Dito Telecommunity.
Dito CME closed 2.68% higher to P7.65 apiece on Wednesday.