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                    [ArticleID] => 195965
                    [Title] => PNOC-EDC to sell 10% of shares via IPO
                    [Summary] => The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year.


PNOC-EDC president Sergio Apostol said the company’s board, in a meeting last Monday gave the go signal for an IPO that is estimated to raise some P10-billion proceeds.


"Rough estimates show that our assets amount to P103 billion, 10 percent of this will be P10 billion," Apostol said, adding that by next week, the company will start selecting a financial advisor that will handle the IPO.


                    [DatePublished] => 2003-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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CALIFORNIA INTERNATIONAL ENERGY SERVICES INC

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                    [ArticleID] => 195965
                    [Title] => PNOC-EDC to sell 10% of shares via IPO
                    [Summary] => The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year.


PNOC-EDC president Sergio Apostol said the company’s board, in a meeting last Monday gave the go signal for an IPO that is estimated to raise some P10-billion proceeds.


"Rough estimates show that our assets amount to P103 billion, 10 percent of this will be P10 billion," Apostol said, adding that by next week, the company will start selecting a financial advisor that will handle the IPO.


                    [DatePublished] => 2003-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

PNOC-EDC to sell 10% of shares via IPO

By Donnabelle L. Gatdula | February 19, 2003 - 12:00am

The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year. PNOC-EDC president Sergio Apostol said the company’s board, in a meeting...

Business