The company plans to sell up to 500,001,000 primary shares at P23.60 each, with an overallotment option of up to 50,001,000 shares from selling shareholder Hann Group Holdings W.L.L.
The deal could raise as much as P13 billion, though final figures may still change depending on market conditions and the completion of requirements.
Up to P11.43 billion from the primary offer is expected to go to Hann Holdings to fund capital expenditures, expansion projects, and general corporate needs through its subsidiary, Hann Philippines Inc.
The offer period is scheduled for Sept. 9-15, with a planned listing on the Philippine Stock Exchange’s Main Board on Sept. 23.
CLSA Ltd. is acting as the sole global coordinator and joint bookrunner, alongside Asia United Bank, BDO Capital & Investment Corp., China Bank Capital Corp., and PNB Capital and Investment Corp. as domestic underwriters.
—Edited by Miguel R. Camus
