Cebu Landmasters listing OK'd by bourse

By Brix Lelis

Mar 14, 2024 12:22 am

THE Philippine Stock Exchange Inc. (PSE) on Wednesday approved the listing by Cebu Landmasters Inc. (CLI) of up to P5.0 billion worth of Series A preferred shares to be issued in two subseries.

This was in relation to CLI's planned follow-on public offering (FOO) of an initial 3.0 million Series A preferred shares, with an oversubscription option of up to 2.0 million shares, at a price of P1,000 each. The shares will be issued as Series A-1 and Series A-2.

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