Bilyonaryo - Business

Raslag IPO to kick off May 23

May 14, 2022

Bilyonaryo.com

Solar energy developer Raslag Corp. is set to start its initial public offering on May 23, one day ahead of the earlier announced timetable.
The offer period will run until May 27 while the listing of the shares has been set on June 6.
Founded by its president Peter Nepomuceno, Raslag will offer
as much as 350 million common shares at a maximum price of P2 per share, with an over allotment option of up to 52.5 million shares to be offered by selling shareholder J Ten Equities Inc.
Proceeds from the offering amounting to P805 million will be used to finance the company’s solar projects, namely RASLAG-4, a 35.1-megawatt solar photovoltaic plant in Magalang, Pampanga, and RASLAG-5, with a capacity of about 60 megawatts.
China Bank Capital Corporation as sole issue manager, sole underwriter, and sole bookrunner for the offer.
Nepomuceno, who built Angeles Electric Corp. into one of the largest power distributors in Luzon, is looking to put up multiple renewable energy projects in various locations and deploy energy technologies that will enhance its business and maximize the potential for clean energy in the country.
Raslag aims to boost its generation capacity nearly six-fold in the next five years and more than 10 times within 10 years.

Related News Tags: initial public offering, Raslag Corp, Solar energy

PAGCOR’s Tengco raises alarm over illegal gambling link using Maryland license plate website

The Philippine Amusement and Gaming Corp, (PAGCOR) has issued a stern reminder to both local and foreign individuals to exercise utmost caution when engaging in online gaming activities, as the proliferation of illegal online gambling sites continues to pose a significant threat.

Ayala Group pushes for temporary tariff reduction on electric vehicles to drive adoption

The Ayala Group of Companies is making a compelling case for a temporary reduction in the most favored nation rates on all completely built up 2-wheeled electric vehicles.

Philip Ang joins Manny Zamora, Frederick Dy as Nickel Asia advisor

Bilyonaryo Philip Ang is embarking on a new role at Nickel Asia, two years after his retirement from the company.

Harley Sy unloads P70 million SM Investments shares

Ultra bilyonaryo Harley Sy raised some spare cash after nipping off a bit from his SM Investments.

Patok kaya sa masa? Kim Atienza, Betong, Paolo Contis eyed as new Eat Bulaga hosts

PEP.ph reported on Sunday (June 3) that the Jalosjos-led TAPE Inc. is eyeing Kim Atienza, and comedians Betong Sumaya and Paolo Contis to host the reformatted Eat Bulaga following the exit of its original ensemble.

PAGCOR’s Tengco raises alarm over illegal gambling link using Maryland license plate website

Ayala Group pushes for temporary tariff reduction on electric vehicles to drive adoption

Philip Ang joins Manny Zamora, Frederick Dy as Nickel Asia advisor

Harley Sy unloads P70 million SM Investments shares

Patok kaya sa masa? Kim Atienza, Betong, Paolo Contis eyed as new Eat Bulaga hosts

From Kapuso to Kapatid: Joey de Leon hints at Eat Bulaga’s transfer to TV5

Air21 and Sarisuki: Revolutionizing fresh produce delivery for community sellers

Kayang-kaya! DOF: Only 3% of Landbank, DBP funds to be invested in Maharlika Fund

Ibalik Dabarkads! #BoycottTapeInc trends after TVJ exit from Eat Bulaga!

Recommended from sister websites

→ Abogado
10 Degamo suspects offered P8 million each to recant, Remulla bares

→ Abogado
May refund dapat! Bayan Muna appeals SC ruling on Maynilad, Manila Water

→ Politiko
‘Dinedma lang?!’: Tito Sen says Kapuso bosses ‘never talked to us’

→ Politiko
DBM warns against fixers, fraudsters

→ Bankero
BSP urges banks to ensure client compliance with SIM card registration deadline

Power

Transparency and accountability: Ricky Razon’s MORE Power implements bill deposit refund for Iloilo City consumers

Ultra bilyonaryo Enrique Razon’s MORE Electric and Power Corporation has initiated a bill deposit refund for consumers in Iloilo City has taken a proactive step by initiating a bill deposit refund program for consumers in Iloilo City.

Money

Fitch holds US rating on negative watch despite debt deal

Ratings agency Fitch said Friday that it is keeping the United States’ “AAA” credit rating on negative watch, despite a bipartisan agreement on the debt limit to avert a catastrophic default.

Business

Ayala Group pushes for temporary tariff reduction on electric vehicles to drive adoption

The Ayala Group of Companies is making a compelling case for a temporary reduction in the most favored nation rates on all completely built up 2-wheeled electric vehicles.

Property

In distorted Buenos Aires rental market, it’s dollar vs. peso

Dollar-wielding foreigners living it up in Buenos Aires while locals scrape by; Argentina’s sky-high inflation and weakening currency has yielded a schizophrenic rental market — a bargain for some, a curse for others.

Latest on Bilyonaryo

PAGCOR’s Tengco raises alarm over illegal gambling link using Maryland license plate website

Ayala Group pushes for temporary tariff reduction on electric vehicles to drive adoption

The Ayala Group of Companies is making a compelling case for a temporary reduction in the most favored nation rates on all completely built up 2-wheeled electric vehicles.