Archive
- 2022
- 2015
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- July (9)
- Cirtek Holdings acquires local tech company
- Cirtek Holdings to acquire Remec Broadband
- Cirtek buys tech manufacturing firm
- Cirtek acquires IT product maker
- Cirtek, Remec seal $10-M purchase seal
- Cirtek Electronics targets sales of $100 million
- Cirtek on track for $100-million sales
- Cirtek expects $100-m revenues
- Semiconductor maker Cirtek buys Remec Broadband Wireless
- February (2)
- January (3)
- July (9)
- 2013
- 2012
- 2011
- November (7)
- Cirtek unit partners with German firm
- Cirtek shares up sharply after listing debut
- Cirtek starts share offer today
- Cirtek shares up 13.57% on listing
- Telefunken taps Cirtek unit to supply power regulators
- Cirtek Holdings Philippine Corporation conducts maiden listing
- Cirtek takes in Telefunken of Germany as tech partner
- October (8)
- Cirtek drops BDO Capital as underwriter for IPO
- Cirtek to push through with IPO
- Semiconductor firm Cirtek still keen on P660-M IPO
- Cirtek bullish despite exports drop
- Company doubling plant’s chip capacity
- Cirtek to brave stock market next month for listing debut
- Cirtek expands reach in Europe, inks deal
- Electronics firm carves out niche in slumping market
- September (4)
- July (2)
- June (4)
- May (2)
- January (1)
- November (7)
- 2009
News & Updates
SEC approves Cirtek’s listing plans
SEC approves Cirtek’s listing plans
CIRTEK ELECTRONICS Corp. has bagged the Securities and Exchange Commission’s approval for a planned initial public offering (IPO) worth P660 million, documents showed.
Regulators gave the go signal for the Laguna-based chip maker’s proposal to sell 61,820,000 common shares for P10.68 apiece as a means to bankroll a thee-year expansion program, filings dated Sept. 7 showed.
This will mean 34% of its outstanding stock will be traded on the stock exchange after the listing.
Ten percent of the shares to be offered will be made available to small investors, defined as those whose investment will not exceed P25,000, the filing read further.
This comes on top other planned listing debuts already approved by the Philippine Stock Exchange–those of supermarket chain Puregold Price Club, Inc. and water utility Calapan Ventures, Inc. Meanwhile, Philex Petroleum Corp. has been given the green light for plans to list by way of introduction.
Only Megawide Construction Corp., a building contractor, has completed a public offering so far this year.
Cirtek, for its part, has tapped Banco de Oro Unibank’s subsidiary, BDO Capital and Investment Corp., as underwriter for the offer according to the document.
The firm claims to have been engaged for more than 25 years in semiconductor assembly, test and packaging services. Its products are used as components in equipment like smart phones and battery chargers, as well in automotive sensor and industrial applications. — CHCV
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