these are my Philippine Stock Exchange/PSE trading notes ... by no means are these to be taken by the reader as recommendations to buy or sell ... blog contents are valid only up to the date of publication ... the views found herein are subject to change without prior notice ... dont hold and hope! but definitely follow the trend!
Thursday, June 20, 2013
in the news: jgs, robinsons retail (20 jun 2013)
Gokongwei listing retail business
By Jenniffer B. Austria | Posted on Jun. 20, 2013 at 12:01am | 183 views
Business tycoon John Gokongwei plans to raise as much as P40 billion ($924 million) from the listing of his retail business, that includes supermarket, hardware and department stores under Robinson Retail Group.
IFR, a Thomson Reuters publication, said the company plans to sell up to 461.9 million shares at a maximum price of P86.64 per share.