Taipei, 14 September 2019 - Trade Representative Michael Alfred Ignacio, MECO Director of Commercial Affairs, delivered the Philippine Country Presentation at today’s South East Asia Conference organized by the Straits Exchange Foundation at Grand Mayfull Hotel in Taipei today, to promote the PHILIPPINES as a prime investment destination for Taiwanese companies looking at their next manufacturing base in South East Asia.
The event, which was widely attended by some 100 Taiwanese businessmen and executives currently operating in China, was formally opened by the Foundation’s Chairperson Ms. Katharine Chang and Director General Emile Chang of the Department of Investment Services of the Ministry of Economic Affairs.
A powerful testimonial was delivered by top executives of Major Taiwanese companies heavily invested in the Philippines such as the MSK Group and The Triboa Majestic Bay.
TAIWANESE firm Cal-Comp Technology (Philippines) Inc. has refiled its registration statement with the Securities and Exchange Commission (SEC), hoping to become public also before end of the year.
Cal-Comp in its filing said it will offer some 371.42 million shares for its primary offering with an overallotment option of 55.71 million secondary shares for up to P25 apiece, or raising a total of P10.68 billion.
The company expects to net P8.8 billion from the maximum offer, 40 percent of which will be used for facilities expansion, 30 percent for capital expenditure, 15 percent for debt repayment, 12 percent for research and development and 3 percent for working capital.
Proceeds from the overallotment option amounting to P1.32 billion will go to the selling shareholder Kinpo International (Singapore) Pte. Ltd.
Read More: Business Mirror
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The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan