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The amount of capital raised on the Philippine Stock Exchange (PSE) for the first half of the year reached a record 150 billion pesos, despite the turbulent market conditions.
The PES said the amount raised from January to June 40.5% higher than the P106.74 billion recorded the same period last year.
"Market volatility has not hindered the plans for expansion of our listed companies.This is an indicator that they are determined to carry out. their business initiatives in a robust home economics, "said PES President and CEO Ramon S. Monzon
a place of capital raising.We are also delighted to have already reached 75% of our goal of raising capital for the year. "
The capital raising activities for the fiscal year consisted of equity offerings by PetroEnergy Resources Corp., Robinsons Land Corp. Micro-Electronics Inc., PSE, Metropolitan Bank and Trust Co. and Bank of the Philippines Islands and the initial public offering of DM Wenceslao and Associates Inc.
also the subject of private placements in IRC Properties Inc. China Banking Corp., Basic Energy Corp. and Golden Bria Holdings Inc.
Other fundraising activities should be completed over the next two months through follow-up offers and a rights offering. 39, shares, said the PES. "While the stock market has declined sharply from its historic high early this year, we expect the country's strong economic fundamentals to continue to encourage listed companies and potential issuers to raise capital through fairness, "said Monzon.
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