Workflow
又推迟三个月!菲律宾“水龙头”上市日期再调整,背后华裔家族曾上热搜
Sou Hu Cai Jing·2025-06-25 01:37

Core Viewpoint - Maynilad Water Services, owned by prominent Chinese-Filipino businessman Consunji, has postponed its IPO timeline to the end of October to accommodate strategic cornerstone investors' internal approval processes [1][2]. Group 1: IPO Details - The IPO was initially scheduled for July 10 but was first postponed to July 17, and now further delayed by three months [1][2]. - The company has reduced its fundraising target from an initial 49 billion pesos to a maximum of 37.41 billion pesos [4]. - Maynilad plans to issue up to 1.93 billion primary shares and 354.7 million secondary shares, with a maximum price of 20 pesos per share [4]. - The IPO will also include an over-allotment option of 249 million shares and nearly 25 million shares for priority subscription, pending regulatory approval [4]. Group 2: Strategic Importance - The involvement of cornerstone investors is expected to enhance the value of the public offering and receive positive market and investor feedback [4]. - The company is actively preparing all necessary documents for the listing on the Philippine Stock Exchange (PSE) under the trading code "MYNLD" [4]. - The funds raised will be allocated for capital expenditures and general operational purposes [4]. Group 3: Background Information - The Consunji family, associated with Maynilad, is reportedly descendants of Confucius, with historical ties tracing back to the Ming Dynasty [5].