Jul 19, 2021

No brainer: Abacus explains the value of TECH warrants

Published by Bilyonaryo

Shareholders of Cirtek Holdings Philippines Corp. are probably scratching their heads over the stock’s underwhelming performance in the middle of its P1.4B stock rights offering.

Shares of TECH closed at P5.21 per share during Friday’s trading, down 25 percent from an intra-day high and below the P5.50 subscription price for the SRO.

Should shareholders subscribe when they can buy shares for cheaper at market?

Nicky Franco, the head of research of Abacus Securities, said taking up the TECH rights with its bonus warrants should be a “no brainer.”

Franco estimated that th...

Oct 29, 2021

SEC approves Cirtek’s preferred share issue

Published by Philstar

MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the public offering by Cirtek Holdings Philippines Corp. of up to P3.5 billion worth of preferred shares.

In a meeting on Oct. 26, the SEC approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at a price of P50 per share, with an oversubscription option of up to 20 million preferred shares.

The listed tech manufacturer expects to net P3.44 billion from the offer, assuming the oversubscription option is fully exercised, proceeds of which will ...

Mar 12, 2022

Cirtek subsidiaries get ISO certifications

Published by Manila Bulletin

Cirtek Holdings Philippines Corporation reported that two of its subsidiaries, Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI), have passed their ISO 14000 audits with zero non-conformance.

“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” Cirtek said in a statement.