Cemex Philippines’ subsidiary receives pre-effective approval for capital stock move

Cemex Holdings Philippines (CHP), an indirectly wholly-owned subsidiary of Cemex España, has received pre-effective approval of the registration statement it filed with the Securities and Exchange Commission of the Philippines (the Philippine SEC) relating to a proposed initial public offering of CHP’s common shares (the Offering). Meanwhile, CHP has also received notice of approval from the Philippine Stock Exchange (the PSE) for the listing of CHP’s shares on the PSE. Subject to obtaining the correspo
June 24, 2016 Read time: 1 min

643 Cemex Holdings Philippines (CHP), an indirectly wholly-owned subsidiary of Cemex España, has received pre-effective approval of the registration statement it filed with the Securities and Exchange Commission of the Philippines (the Philippine SEC) relating to a proposed initial public offering of CHP’s common shares (the Offering).

Meanwhile, CHP has also received notice of approval from the Philippine Stock Exchange (the PSE) for the listing of CHP’s shares on the PSE. Subject to obtaining the corresponding final approval from the Philippine SEC, CHP has the intention to, in a public offering to investors in the Philippines, and in a concurrent private placement to eligible investors outside of the Philippines, offer a minority interest in CHP’s capital stock. The pre-effective approval by the Philippine SEC and the notice of approval by the PSE are important steps for the Offering.

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