Cirtek Holdings Philippine Corporation conducts maiden listing

Cirtek Holdings Philippines Corporation or “CHIPS” conducted its maiden listing on the stock exchange after raising over Php295 million in total proceeds.

“The successful IPO of Cirtek was more than 300% oversubscribed by the trading participants, which is a testament to the company’s strengths and prospects and the resiliency of the Philippine equities market. As Cirtek continues to expand in the Philippine electronics industry, we hope that Cirtek’s listing debut will pave the way for more robust capital-raising activities in the future,” PSE Chairman Jose T. Pardo said in his welcome remarks during the listing ceremony.

Shown in the photo above during the listing ceremony are: (from left) PSE President and CEO Mr. Hans B. Sicat; Cirtek Vice President and Director Mr. Nicanor Lizares; Cirtek Chairman and President Mr. Jerry Liu; Vice President of the Republic of the Philippines Honorable Jejomar Binay; PSE Chairman Jose T. Pardo; and CVCLaw Senior Partner and Former National Defense Secretary Avelino Cruz, Jr.#