(abs-cbnNEWS.com)
MANILA, Philippines - Listed sugar producer Roxas Holdings Inc. has hired a financial advisor as it plans to take in strategic investors via a follow-on offering (FOO).
In a disclosure to the Philippine Stock Exchange on Monday, Roxas Holdings said it has engaged the services of Mabuhay Capital Corp. as its financial advisor effective January 15 to help in the valuation and positioning of the firm and its units for the FOO.
"(Mabuhay Capital will) assist in the subsequent valuation and positioning of Roxas Holdings and its relevant subsidiaries in relation to a follow-on offering in the equity capital markets or through private placements," Roxas Holdings said.
Mabuhay Capital is also tasked to help in the selection of underwriters and formulate the terms of issue if the FOO will be done in the equity capital markets.
It will also review Roxas Holdings' existing strategic, operational, and financial plans, prepare valuation models and marketing materials, and help the company negotiate with potential investors. Click here to read more...
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