CIRTEK Holdings Philippines Corp. said Wednesday its board of directors had agreed to issue up to P6 billion worth of commercial papers.
In a disclosure to the stock exchange, Cirtek said its board of directors approved at a special meeting held on Wednesday the “shelf registration and issuance by the corporation of commercial papers in the aggregate principal amount of up to P6 billion.”
The company said the board also approved the appointment of BDO Trust and Investments Group as the stock and transfer agent for detachable warrants.
It also announced the approval of the appointment of Philippine National Bank – Trust Banking Group as the receiving and escrow agent for its stock rights offering with detachable warrants.
BDO Unibank, Inc. was appointed as the settlement bank for the company’s “Preferred B2 Subseries B Shares.” — Arjay L. Balinbin
