HONG KONG: Robinsons Retail Group, which operates supermarkets, hardware and department stores in the Philippines, plans to raise up to US$924mil in an initial public offering (IPO) in Manila, IFR reported, citing a filing for the deal.
The company planned to sell 461.9 million shares at a maximum price of 86.64 pesos each, putting the total deal at 40 billion pesos, said IFR, a Thomson Reuters publication.
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