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SEC wants to lock-up cornerstone investors in IPOs to prevent rugpulls

The SEC released a draft memorandum for comment last week which looks to regulate how “cornerstone investors” may participate in IPOs going forward......»»

Category: financeSource: philstar philstarJan 25th, 2024

SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule

The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

Abacus Securities thinks SM REIT and Prime Infra IPOs will be delayed and that GCash IPO will happen overseas

Nicky Franco, head of research for Abacus Securities, said that the SM REIT and Prime Infrastructure mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

Info on cornerstone investors now required

The Securities and Exchange Commission (SEC) has laid down rules governing cornerstone investors in initial public offerings, requiring issuers to disclose the necessary information on their prospective investors......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

SEC-Davao advises timely submission of requirements for amnesty payments

The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Guidelines for IPO cornerstone investors issued

The Securities and Exchange Commission has set the guidelines for cornerstone investors in initial public offerings as part of its continuing efforts to boost investor participation in the capital market......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Isabel Oli balik-showbiz na; umabot na sa 185 ang talent ng Cornerstone

HALOS magkasing-level na pagdating sa pagma-manage ng artists ang talent management ng ABS-CBN na Star Magic at ang Cornerstone Entertainment. Kaya namin ito nasabi ay dahil umabot na pala sa 185 artists ang mina-manage ni Erickson Raymudo, Presidente at CEO ng Cornerstone katuwang sina Jeff Vadillo (Vice President), Mac Merla, Caress Caballero at Cynthia Roque.....»»

Category: newsSource:  inquirerRelated NewsFeb 25th, 2024

SEC advises investors: Watch for red flags before investing

SEC advises investors: Watch for red flags before investing.....»»

Category: newsSource:  sunstarRelated NewsFeb 29th, 2024

SEC wants SMEs to embrace sustainability

The Securities and Exchange Commission (SEC) wants to instill sustainability into the business practices of not only big companies but also the small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t

SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

SEC orders Infinity8 to halt operations

The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

Moira Dela Torre s quote card on Lenka-Shaira issue fake — Cornerstone

Cornerstone Entertainment debunked a quote card about Moira Dela Torre allegedly commenting on the Lenka and Shaira issue......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Cornerstone’s Michael Sager, Zephanie look back on journey to becoming Kapuso

Michael Sager and Zephanie, who are co-managed by Cornerstone with Sparkle GMA, are taking a break from their onscreen team-up amid individual projects......»»

Category: entertainmentSource:  philstarRelated NewsMar 12th, 2024

Catriona Gray, Sam Milby dunay gi-atubang nga problema sa ilang relasyon

Duna kunoy gi-atubang nga problema sa pagkakaron ang engaged couple nga sila si Miss Universe 2018 Catriona Gray ug Sam Milby. Kini ang gipahibaw sa Cornerstone Entertainment, ang talent management sa duha. Matud sa Cornerstone nga gibuhat nila ni Catriona ug Sam ang tanan para masulbad ang maong problema. ALSO READ: Catriona Gray, Sam Milby.....»»

Category: newsSource:  inquirerRelated NewsFeb 28th, 2024

Catriona Gray, Sam Milby may pinagdaraanan sa relasyon, ano’ng isyu?

TOTOONG may pinagdaraanan ngayon ang engaged couple na sina Miss Universe 2018 Catriona Gray at Sam Milby. Kinumpirma ng Cornerstone Entertainment, ang talent management, sina Sam at Catriona, na ginagawa nila ang lahat para maayos kung anuman ang kanilang mga problema. “We at the Cornerstone, as the talent management agency representing artists Sam Milby and.....»»

Category: newsSource:  inquirerRelated NewsFeb 28th, 2024

Sam Milby, Catriona Gray facing some challenges — Cornerstone

Sam Milby and Catriona Gray's Cornerstone Entertainment talent agency set the record straight over the split rumors surrounding the celebrity couple......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue

Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Philippines to conduct matching event to help foreign investors

MANILA, Feb. 21 (Xinhua) -- The Philippines will conduct a business-to-business matching event on Thursday to assist foreign investors in finding local partners to support the Southeast Asian country's energy transition program, the Department of Energy (DOE) said Wednesday. "Our main objective for this event is to assist investors, listen and understand the challenges in implementing renewable energy (RE) proje.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 22nd, 2024

Philippines to conduct matching event to help foreign investors

MANILA, Feb. 21 (Xinhua) -- The Philippines will conduct a business-to-business matching event on Thursday to assist foreign investors in finding local partners to support the Southeast Asian country's energy transition program, the Department of Energy (DOE) said Wednesday. "Our main objective for this event is to assist investors, listen and understand the challenges in implementing renewable energy (RE) proje.....»»

Category: newsSource:  manilanewsRelated NewsFeb 22nd, 2024

How LGUs shoo away investors

While discussing how Charter change can attract investors, my Viber group colleagues wondered if problems with LGU corruption are a bigger turnoff to investors than Constitutional restrictions on foreign investments......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Why attract foreign investors?

Do we really need to revise our Constitution to attract foreign investors? It will help. We have provisions in our current Constitution that deliver the message that foreign investors are not welcome......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024