10 months ISM Communications to stage follow-on offer Manilatimes |Biz
ISM Communications Corp. may hold a share sale this year to expand its public float to up to 20 percent. On the sidelines of ISM Communication’s special stockholders’ meeting in Taguig City on Thursday, Chairman Eric Recto told reporters the company would hold a follow-on offering to increase its public ownership after it fell to “a little over 10 percent,” after entering a share-swap agreement with Davao City-based businessman Dennis Uy and his wife Cherylyn. “If the market is very buoyant at the time we decide to go out, then we may decide to float and issue more shares,” Recto ... more