JG Summit raises $200m from top-up placement
The Philippine conglomerate defied rocky market conditions and raised $200 million in the top-up placement. Over 70 lines participated in the book.
January 21, 2015
The Gokongwei group sold a $125 million stake in its flagship Philippines conglomerate JG Summit on Thursday night. The deal follows on the heels of a similar placement in Petron just a few weeks ago, as the country’s stock market continues to show solid performance.
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to FinanceAsia.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
Questions?
See here for more information on licences and prices, or contact [email protected].