Saturday, February 4, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Stocks

Cemex raises P12.77b after end of stock rights offering

Jenniffer B. AustriabyJenniffer B. Austria
January 29, 2020, 8:20 pm
in Stocks
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Cemex Holdings Philippines Inc. said Wednesday it successfully raised P12.77 billion in fresh funds following the completion of a stock rights offering.

Cemex said in a disclosure to the stock exchange a total of 8.29 billion common shares were taken up by shareholders at an offering price of P1.54 apiece.

Shareholders were entitled to subscribe to 1.5963 rights share for every one common share held as of Jan. 14, 2020. The rights offering ended on January 24, 2020.

The cement company would have a total of issued and outstanding common shares of 13.48 billion after the rights offering, subject to the approval of the Securities and Exchange Commission on its application to raise the authorized capital stock.

The shares will be listed on the Philippine Stock Exchange on March 4, 2020.

ADVERTISEMENT

The firm’s controlling shareholder, Cemex Asian South East Corp., earlier committed to subscribe “not just its entitlement of the rights shares in the initial round of the offer, but also to subscribe any unsubscribed rights shares in the mandatory second round of the offer.”

Cemex said it would use the proceeds from the fund raising activity to fund the expansion of the Solid Cement plant, pay outstanding loans and finance other general corporate activities.

The cement firm is constructing a $235-million cement production line capable of producing 1.5 million metric tons annually. This will increase cement capacity by 26 percent. The facility is expected to be operational by the second quarter of 2021.

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch acted as the global coordinator while BDO Capital & Investment Corp. served as the underwriter of the transaction.

Cemex is one of the leading cement producers in the Philippines, based on annual installed capacity. It produces and markets cement and cement products, such as ready-mix concrete and clinker in the Philippines through direct sales using its extensive marine and land distribution network.

Cemex is an indirect subsidiary of CEMEX, S.A.B. de C.V., one of the largest cement companies in the world based on annual installed cement production capacity.

Tags: Cemex Holdings Philippines Inc.Philippine Stock Exchangestock exchangestock rights offering
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Market rebounds; Peso hits 53.68 a dollar

byManila Standard Business
February 3, 2023, 9:20 pm
0
8
Mr. Marcos tags US trip a ‘success’

Stocks and the Philippine peso advanced Friday following gains on Wall Street but optimism over a possible pause in Federal...

Read more

Stock market falls; Peso breaches 53-a-dollar mark

byJulito G. Rada
February 2, 2023, 7:30 pm
0
8
Stock market surges; PLDT, Globe advance

Stocks fell but the Philippine peso advanced Thursday after the US Federal Reserve unveiled its latest quarter-point increase in borrowing...

Read more

Stock market rebounds; PLDT, ICTSI lead gainers

byManila Standard
February 1, 2023, 6:25 pm
0
8
Stock market surges; PLDT, Globe advance

Stocks bounced back from two days of losses as traders tracked a Wall Street surge fueled by data pointing to...

Read more

Stocks sink ahead of Fed policy decision

byJenniffer B. Austria
January 31, 2023, 7:55 pm
0
8
Stock market surges; PLDT, Globe advance

Stocks fell for a second day following a big selloff on Wall Street ahead of a key Federal Reserve policy...

Read more

Markets struggle before central bank rate decisions

byAFP
January 31, 2023, 7:30 am
0
8
Banaag assumes post as Bright Kindle director

Stock markets wavered on Monday with central banks set to lift interest rates again later this week, as policymakers battle...

Read more

Market tumbles ahead of Fed meeting

byManila Standard
January 30, 2023, 6:35 pm
0
8
Stock market surges; PLDT, Globe advance

Stocks fell Monday as traders struggled to maintain momentum from last week’s rally ahead of the US Federal Reserve’s meeting...

Read more

Print Edition

View More

Recent Posts

  • Albert Andrada Paris Fashion Week 2023 show moved to July
  • Cebu-based micro-enterprise continues to innovate, diversify
  • Pharma firm releases new Access to Medicines report
  • Sustainable packaging takes centerstage at Propak PH
  • LandBank engages Lake Sebu stakeholders on capacity building
  • E-commerce enabler gets 3-star award as Lazada partner
  • Garrett Bolden reflects on experience in Guam for ‘Miss Saigon’ 
  • Post-apocalyptic drama ‘The Last of Us’ renewed for second season

Advertisement

Latest News

E-commerce enabler gets 3-star award as Lazada partner

byManila Standard Business
February 4, 2023, 6:30 pm
0
8
E-commerce enabler gets 3-star award as Lazada partner

Leading e-commerce enabler for brands in the Philippines, etaily, was the recipient of the 3-star certification from the Lazada Partners...

Read more

Garrett Bolden reflects on experience in Guam for ‘Miss Saigon’ 

byPatricia Taculao
February 4, 2023, 6:20 pm
0
8
Best romcoms, favorite ‘hugot’ and ‘sawi’ movies stream this love month

Performing in any rendition of a critically-acclaimed stage musical is a unique opportunity for any singer’s career. While performers like...

Read more

Post-apocalyptic drama ‘The Last of Us’ renewed for second season

byManila Standard Showbiz
February 4, 2023, 6:10 pm
0
8
Best romcoms, favorite ‘hugot’ and ‘sawi’ movies stream this love month

HBO drama The Last of Us has been renewed for a second season. The series is co-created by Craig Mazin...

Read more

Best romcoms, favorite ‘hugot’ and ‘sawi’ movies stream this love month

byManila Standard Showbiz
February 4, 2023, 6:00 pm
0
8
Best romcoms, favorite ‘hugot’ and ‘sawi’ movies stream this love month

This Valentine season, iWantTFC streams a lineup of different stories of courtship, romance, and heartbreak featuring “Lahat May Love,” “The...

Read more

In the mood for NOVO-Love 

byManila Standard
February 4, 2023, 1:30 pm
0
8
In the mood for NOVO-Love 

This Valentine's Day, let the City of Firsts' very own Novotel Manila Araneta City be your love venue to create...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App