On Thursday, the Philippine Stock Exchange approved the capital-raising exercise, which will allow the offer to run from Sept. 26 through Oct. 2 this year.
The shares will be listed on the PSE on Oct. 10, a regulatory filing showed.
DITO CME, owner of DITO Telecommunity, a venture with China Telecom, is raising funds to bankroll its ongoing network rollout.
This is among a series of equity deals the company aims to undertake to help plug a capital shortfall worth about P44 billion.
For this upcoming offer, BDO Capital & Investment Corp. was hired as sole issue manager, underwriter, and bookrunner.
