AYALA-LED Integrated Micro-Electronics Inc., (IMI) has raised P1.6 billion in fresh funds from its base offer, meeting the lower end of the company’s planned fundraising target range of P1.6 billion to P2.2 billion.
IMI said the base offer of 215 million shares was oversubscribed and received very strong support from retail investors, but the company chose not to exercise the 85 million oversubscription shares that would have increased the raised capital to P2.2 billion.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.