normal_post - Philippines Pepsi-Cola offers P7.92 billion in IPO - Philippine Daily News Author Topic: Philippines Pepsi-Cola offers P7.92 billion in IPO  (Read 533 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Philippines Pepsi-Cola offers P7.92 billion in IPO - Philippine Daily News
  • Posts: 18912
  • medal1 - Philippines Pepsi-Cola offers P7.92 billion in IPO - Philippine Daily Newsmedal2 - Philippines Pepsi-Cola offers P7.92 billion in IPO - Philippine Daily News
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Philippines Pepsi-Cola offers P7.92 billion in IPO - Philippine Daily News
Philippines Pepsi-Cola offers P7.92 billion in IPO
« on: July 04, 2007, 07:27:57 AM »
By Cris Larano
Dow Jones Newswires
Edited by Matthew Oakley
CNN Money

MANILA -(Dow Jones)- Pepsi-Cola Products Inc. is planning an initial public offering of shares that could raise as much as PHP7.92 billion ($173 million), documents filed with regulators showed Tuesday.

The Philippines' second-largest soft-drinks company by sales plans to offer 1.31 billion shares, including 171.4 million to cover possible excess demand, at a maximum price of PHP6.04 a share.

Of the 1.14 billion shares to be initially offered, around 380.8 million will be new shares, while 761.6 million will be sold by some of the company's major shareholders, including its biggest owner, Guoco Assets (Philippines) Inc..

PepsiCo Inc. (PEP), which has a 32.9% stake in the company, isn't among the selling shareholders.

Proceeds from the sale of new shares will be used to install additional bottling lines to increase capacity and enable the company to manufacture non- carbonated drinks.

The company saw its net profit in the three quarters up to March 2007 contract 21% on year to PHP501 million, as higher operating expenses and production costs offset a 17% on-year increase in sales.

UBS Investment Bank is sole international underwriter and bookrunner for the IPO.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=2326.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

xx
US Gives P1.9 Billion to the Philippines

Started by MIKELIGALIG.com on Philippine Daily News

15 Replies
1418 Views
Last post September 23, 2008, 06:04:09 PM
by thegirlnextdoor
 

Latest Topics

The Bond Movies by balong
[Today at 05:02:58 AM]


BALONG Basketball League by balong
[Today at 04:54:19 AM]


Retirement Advice for Botoy by islander
[Yesterday at 03:42:13 AM]


Yogabitay by hubag bohol
[August 21, 2019, 11:57:53 PM]


Pauraray by hubag bohol
[August 21, 2019, 11:56:05 PM]


Big Pussy! by hubag bohol
[August 21, 2019, 11:41:53 PM]


Lasting friendships start early, Part 2 by hubag bohol
[August 21, 2019, 11:26:56 PM]


Requited love by hubag bohol
[August 21, 2019, 11:22:57 PM]


Bad Parenting Redux by hubag bohol
[August 21, 2019, 11:04:23 PM]


Pure joy by hubag bohol
[August 21, 2019, 10:56:09 PM]

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal