RSS

Operator of Mario’s chain of restaurants files for IPO

07 Jan

BY UNICAPITAL SECURITIES

The owner of Gweilo’s bar and Mario’s Kitchen is gearing up for the sale of its shares to the public.

It will be selling 75 million primary common shares, representing 47% of its outstanding and issued common shares, at an offer price of PHP 1 per share and will be listed on the Small, Medium and Emerging Board of The Philippine Stock Exchange (PSE).

Asian Alliance Investment Corp was tapped as the issue manager and lead underwriter of the offering.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 728x90)
Get FREE stock analysis, special reports and brokers’ recommendations!

Net proceeds of PHP 66.22 million will be used to finance the expansion and renovation of company-owned outlets, implementation of catering service, adoption of a unified management information system, and payment of advances to its shareholder.

Advertisements
 
Leave a comment

Posted by on January 7, 2015 in Local News, Stock Market

 

Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: