7 months MPIC slates IPO, exchangeable bond issue for hospital unit MB |Biz
By Myrna M. Velasco Pangilinan-led Metro Pacific Investments Corporation (MPIC) is firming up a two-tiered sell-down process for the shares of its hospital subsidiary Metro Pacific Hospital Holdings, Inc. (MPHHI) targeted to be completed this year until early part of 2020. Manuel V. Pangilinan MPIC Chairman Manuel V. Pangilinan told reporters that the first part of the sell-down will be to offer exchangeable bonds and to follow shortly after that will be an initial public offering (IPO) of MPHHI at the Philippine Stock Exchange. He said the exchangeable bonds tender has to be undertaken in the next 2 to 3 ... more