Monday 25 March
Dec 21, 2018 @ 20:14

ACE Medical Center Iloilo’s P1.4B IPO gets SEC OK

 

The Securities and Exchange Commission has greenlighted the planned initial public offering of Allied Care Experts Medical Center Iloilo Inc. which is estimated to raise as much as P1.4 billion.

The IPO involves the sale of up to 36,000 primary shares at a maximum price of P40,000 per share.

Net proceeds from the offering will be used to construct a 200-bed tertiary hospital in Jaro, Iloilo City and acquire medical equipment.

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