Published by Malaya
Cirtek Holdings Philippines Corp. expects to raise P2.5 billion from its ongoing preferred share sale.
It was earlier looking at a P3.5 billion fund raising.
The company said it is now selling 50 million of its preferred shares at an offer price of P50 apiece from an earlier 70 million, divided into an initial 30 million and another 20 million covering the oversubscription option.
The preferred shares that will have a series of TCB2C for the Preferred Class B-2 Subseries C and CB2D for the Preferred Class B-2 Subseries D will have a dividend rate of 6.5864 percent for TCB2C and 7.7506 percent for the TCB2D.
Cirtek said it will use the proceeds to primarily finance the additional capital expenditure/equipment, partial payments of maturing Preferred Class B2-A shares and maturing loans and working capital of Quintel USA Inc., Cirtek Electronics Corp. and Cirtek Advanced Technologies and Solutions, Inc.
Jan 14, 2025
Published by Manila Standard
Analog Devices Inc. (ADI), an American multinational semiconductor company specializing in data conversion, signal processing and power management technology, recognized Cirtek Advanced Technologies and Solutions Inc. (CATSI) as the No. 1 contract manufacturer worldwide for the evaluation boards product line (EBPL) for the fourth quarter of 2024.
CATSI previously held the No. 3 position in the first quarter and second quarter of the year while inching up to No. 2 at the end of third quarter 2024.
The EBPL is an essential business unit of ADI that allows the company...
Read moreDec 17, 2020
Cirtek Holdings Philippines Corp. (“Cirtek”), appoints BDO Unibank, Inc. (“BDO”) a
Read moreJul 14, 2021
Published By Revin Mikhael D. Ochave Business World
A UNIT of technology company Cirtek Holdings Philippines Corp. has extended a master supply agreement with two telecommunication companies in North America.
Cirtek said in a regulatory filing on Monday that the agreement between its telecom base station antenna unit Quintel USA, Inc. and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth generation (5G) is at an inflection point,” Cirtek said.
“Quintel’s 5G products ...
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