Dennis Uy's Dito CME defers P8-B stock rights offer

1/29/2022 4:45:00 PM

The Dennis Uy-led corporation points to 'less than ideal' market conditions for the deferment

Philippine Stock Exchange, Dennis Uy

The Dennis Uy -led corporation points to 'less than ideal' market conditions for the deferment.

The Dennis Uy -led corporation points to 'less than ideal' market conditions for the deferment

Dito CME’s deferment of its fundraising efforts was announced in aPhilippine Stock Exchange (PSE) noticeposted on Saturday, January 29.Dito CME is holding off on its stock rights offering after the management “determined that current market conditions are less than ideal to pursue the offering.”

The firm will also refund all subscription payments made by any existing shareholder or qualified institutional buyer during the offer period. A rights offering is a company’s invitation for existing shareholders to buy additional stocks at a discounted price. 

Read more: Rappler »

Less vaccine wastage if those with comorbidities got 2nd booster earlier – expert

'There was some element of delay on the part of the DOH to implement the second booster for those with comorbidities,' says infectious diseases specialist Dr. Rontgene Solante Read more >>

The investors lost interest. Pinaglaruan nila yung price ng $Dito to the point na napaka daming naipit at natalo. Sila lang kumita ng malaki. Work from home setup since the start of pandemic, online shopping… “less than ideal”? China 🇨🇳 ❌👎🏻

GenSan moving to protect P8-B hog industry vs ASF outbreakThe city government of General Santos has acted swiftly to protect the P8 billion hog industry from a recent outbreak of African swine fever in a community of backyard hog raisers. | via Allen V. Estabillo/PDI

Mark Herras at Benjamin Alves, may bagong paandar sa TikTokMay bagong TikTok dance video ang Artikulo 247 stars na sina Mark Herras at Benjamin Alves! Panoorin DITO: 🤩

Donut pass this by! Lola Nena's opens first dine-in café in Tagaytay CityLola Nena's new al fresco branch offers their first hot tsokolate and kape line!

Shayne Sava, ibinahagi na dalawang beses siyang nagpositibo sa COVID-19Ikinuwento ni Shayne Sava ang naging experience niya sa COVID-19. Basahin DITO: I vote taylorswift13 for AllTooWell BestLyrics at the iHeartAwards!

Mandatory vaccination: Mad, bad, and just plain wrong - BusinessWorld OnlineEarly this week, a national official argued for the constitutionality of mandatory vaccination by referring to a provision of the 1917 Administrative Code, as well as a 1936 Supreme Court ruling. But as is usual with arguments in support of mandatory vaccination, they are just ghastly and appallingly wrong. Jemy is a conservative, anti-SOGIE, Covid-denier lawyer. What did I even expect from reading such crap article lol. Sayang 5 mins reading.

Chiefs, Bengals AFC title game realization of Patrick Mahomes’ prophecy - BusinessWorld OnlineA VICTORIOUS Joe Burrow walked across the field earlier this month to smack palms with Patrick Mahomes, and the Kansas City Chiefs quarterback offered five prophetic words that made Burrow smile. READ:

MANILA, Philippines – The Dennis Uy-led Dito CME Holdings Corporation has postponed its P8-billion stock rights offering due to “less than ideal” market conditions.Macalintal says Guanzon liable for revealing vote to disqualify Bongbong Marcos In the last three days, CVO teams have culled a total of 508 hogs from 54 raisers..last November.

Dito CME’s deferment of its fundraising efforts was announced in a Philippine Stock Exchange (PSE) notice posted on Saturday, January 29. Dito CME is holding off on its stock rights offering after the management “determined that current market conditions are less than ideal to pursue the offering. In coordination with technicians of the Department of Agriculture (DA), Marin said CVO personnel are continually monitoring the situation in Purok San Lorenzo and other areas in the city.” The firm will also refund all subscription payments made by any existing shareholder or qualified institutional buyer during the offer period.  A rights offering is a company’s invitation for existing shareholders to buy additional stocks at a discounted price. “We acted swiftly because the disease can potentially wipe out the hogs there in two weeks time and even spread to the other barangays,” Marin said.  The PSE, however, has yet to approve Dito CME’s deferment. Photo courtesy of Lola Nena’s Photo courtesy of Lola Nena’s There are also chairs lined up by the entrance for take-out or delivery customers to wait in, and even microwaves for customers to heat their own donuts in.

This means interested investors may still buy stocks from Dito CME until the deferment is finalized. 21 regarding the sudden deaths among the stocks of backyard hog raisers in Purok San Lorenzo. “This should not be construed as an approval by the exchange of the deferment of the offering. Furthermore, this is without prejudice to any regulatory action that the exchange may pursue in order to ensure full compliance with the applicable rules and for the protection of the investing public consistent with the mandate of the exchange, as a self-regulatory organization, to maintain a fair and orderly market,” Dito said in its disclosure to the PSE. Emilio Gargaran, disease control division chief, to investigate and collect blood samples from the affected animals. “The posting of this notice is strictly for dissemination purposes only. The company, its underwriter, and other advisers are responsible for strict compliance with the rules of the exchange. 24 that some of the tested samples came out positive of ASF, triggering the conduct of confirmatory tests. There’s also the classic Americano (hot – P135, iced – P150) and slow-drip Brewed Coffee (P70).

The exchange disclaims any liability arising from, or in connection with, the foregoing matter.” Dito CME, the parent company of the Philippines’ third telco player Dito Telecommunity, earlier set the price for its stock rights offer at P4. gsg Subscribe to our daily newsletter By providing an email address.88 apiece in December 2021. Some 1.64 billion rights shares had been offered, amounting to a total of P8 billion to be spent for the telco’s rollout and other corporate matters. Lola Nena’s usual menu is also available here – there’s the special pichi-pichi, siopao tostada, canton bihon, palabok, old-fashioned donuts, triple cheese donuts, and budget meals.

  Dito Telecommunity has launched in over 500 cities and municipalities, and has so far attracted over 5 million  subscribers .  Dito, however, faced pandemic restrictions and construction supply shortages, delaying some of its commitments. The expensive rollout also dragged Dito CME, Dito Telecommunity’s parent, .