a trader's blog (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.