Wilcon prices IPO at low end of range in Philippines’ first 2017 listing


Wilcon Depot Inc, a Philippine construction materials retailer, is set to raise 7 billion pesos ($139.50 million) in the Southeast Asian nation’s first listing this year, pricing its shares at the low end of its guided range. Wilcon is aiming to ride on Philippine President Rodrigo Duterte’s pledge to raise… Read more »

Philippines: Ayala acquires renewable energy developer BCE

Ayala Corp has boosted anew its power generation assets after acquiring Bronzeoak Clean Energy, a top developer of clean energy projects in the Philippines.

Philippines: Now Corp raising $29m to expand broadband internet business

Now seeks to use the proceeds to support the expansion of its Fiber-in-the-Air broadband internet service, research and development, capital expenditures, among others.

Philippines: 500 Startups, others back modular home firm Revolution Precrafted in $15.4m round

“They didn’t need venture capital. This is a deal we had to fight to get into.” – Khailee Ng, Managing Partner, 500 Startups

More diversity means more innovation in PE/VC: Minette Navarrete, Kickstart

“More diversity, more points of view would mean more innovation”

Seven Japanese trading houses investing $3.9b in Philippines

Mitsubishi, Mitsui, Sumitomo, Itochu, Marubeni, Toyota, Sojitz are to invest

Philippines: STI to raise $99m; Century Pacific debuts on FTSE Apac index

STI Education Systems Holdings Inc is aiming to raise up to $99.3 million (P5 billion) via bond sale while Century Pacific Food Inc (CNPF) has made its debut on the Asia-Pacific equity market. Century Pacific debuts on Asia-Pacific equity market Century Pacific Food Inc (CNPF), the Philippines’ largest canned food company,… Read more »

Philippines: Wilcon Depot’s $157m IPO approved

The home-building solutions provider will use the net proceeds from the offer for store network expansion, debt repayment, general corporate purposes and fund strategic acquisitions.

Exclusive: Philippine-based Tagcash backs PackingDelicious in seed round

Launched in December 2015, PackingDelicious is a platform for prepacked gourmet and health products.

Five Chinese firms to invest $10b in Philippines

The planned projects are estimated to create over 15,500 jobs.