P1-B SRO proceeds fuel Phinma expansion
‘This milestone allows PHINMA to continue making a positive impact by providing the essentials for a dignified life’
Phinma SRO raises P1B Phinma Corp. (PHN) listed 50 million from its stock rights offering shares on the Philippine Stock Exchange on 27 November 2024. The company raised P1 billion from the share sale. The SRO is PHN’s first fund raising in the stock market in close to three decades. At the bell ringing ceremony for the float are (from left) PHN CFO Edmund Alan Qua Hiansen, PHN Group Controller Regina Alvarez, PHN EVP Construction Materials Eduardo Sahagun, PHN chairperson and CEO Ramon del Rosario Jr., PHN chairperson Emeritus Oscar Hilado, Securities and Exchange Commission Commissioner McJill Bryant Fernandez, PSE president and CEO Ramon Monzon, PSE COO Atty. Roel Refran, PSE Issuer Regulation Division head Atty. Marigel Baniqued Garcia, PSE general counsel Veronica del Rosario, and PSE Capital Market Development Division head Mark Frederick Visda. (See page 10)
Photograph courtesy of Phinma Corp.