5 months SEC greenlights P1-billion IPO of Malolos hospital MB |Biz
By James A. Loyola The Securities and Exchange Commission (SEC) has cleared the initial public offering (IPO) of shares of Allied Care Experts (ACE) Malolos Doctors, Inc. worth a maximum of P1 billion. The Commission En Banc rendered effective the registration statement of ACE Malolos and approved the issuance of the corresponding order of registration and permit to sell securities upon submission of the final prospectus. The registration statement covers 600 founder shares and 239,400 common shares, comprising 203,400 issued and outstanding common shares and 36,000 newly issued shares, with par value of P1,000 apiece. ACE Malolos intends to ... more