Regulator approves Citicore's P12.9-B IPO

By Ed Paolo Salting

Jan 18, 2024 12:23 am

offering scheduled for march; proceeds to be use for capex

THE Securities and Exchange Commission (SEC) on Wednesday said that it had approved Citicore Renewable Energy Corp. initial public offering (IPO) of as much as P12.9 billion in common shares, inclusive of an overallotment portion.

In a Jan. 16, 2024 meeting, the SEC resolved to render effective a Citicore registration statement covering 10.04 billion common shares subject to the company's compliance with certain remaining requirements.

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offering scheduled for march; proceeds to be use for capex

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