By Iris Gonzales | The Philippine Star - November 19, 2015
MANILA, Philippines - Italpinas Development Corp. has set its offer price at P3.60 per share. This represents a significant discount to the earlier announced maximum offer price of P4.20 per share. Italpinas hopes to raise as much as P207.3 million from its initial public offering of shares. It is set to debut on the Philippine Stock Exchange on Dec. 7, which will make it the fourth company to brave a volatile market this year after Crown Asia and SBS Philippines. Metro Retail Stores Group is slated to list on Nov. 24.
By: Madelaine B. Miraflor - November 4, 2015
As it waits for final approval for its P242-million planned maiden share sale at the Philippine Stock Exchange (PSE), property developer Italpinas Development Corp. (IDC) is looking to spend more than a billion pesos for its two upcoming projects. Harold Dacumos, IDC’s vice president for banking and business development, said in a briefing in Makati on Wednesday that the company will be investing more than a billion pesos for two major projects that will start construction within this quarter and the first quarter of 2016.
By: Krista Montealegre, Business World - November 4, 2015
ITALPINAS Development Corp. sees brisk demand for its planned P242-million first-time share sale despite volatile market conditions, as the sustainable property developer gears up for the development of two mixed-use projects in Cagayan de Oro and Batangas. In a briefing on Wednesday, Italpinas Chairman Romolo Nati said he is confident that interest in the company’s share sale will be strong given the liquidity in the market. “It’s quite a small IPO (initial public offering). We’re just offering 26% of the company and raising P242 million. There’s liquidity to afford this IPO. We are quite confident,” Mr. Nati said.
By Cesar Stefan A. Rago, PR & Marketing Officer
“Camiguin Island is just few hours away from Cagayan de Oro and it’s a perfect location for Primavera to create a healthy business relationship between CdO and Camiguin. We want to create partnerships with the active business sectors in the island since Primavera Residences is a good earning investment,” Ryan Fajardo, Internal Sales Head of Primavera Residences, said. Last 19-22 October, Primavera Residences Sales and Marketing team experienced Camiguin’s remarkable sunsets, astonishing bays, and its spectacular mountains, just in time for the province’s 36th Lanzones Festival.