MAKATI CITY, Phillippines, March 5 (Bernama-BUSINESS WIRE) — Monde Nissin Corporation (“Monde Nissin”) today announced that it has filed a registration statement with the Philippine Securities and Exchange Commission relating to a proposed initial public offering of its Common Shares (the “Offer”). Monde Nissin plans to issue up to 3,600,000,000 shares, at a price of up to Php17.50 per share. A maximum amount of gross proceeds of Php63 billion may be expected from the Offer, excluding proceeds from the exercise of an over-allotment option of up to 15% of the 3,600,000,000 offer shares. Typically, underwriting discounts and commissions, and other offering expenses payable by Monde Nissin are expected to be deducted from the gross proceeds of the Offer. Resulting net proceeds are intended to be utilized for the expansion and enhancement of its production and technological capabilities, including its businesses in the U.K. and other key markets. The timing of the Offer, final offer price, final number of offer shares, and allocation of the proceeds will depend on market conditions, the circumstances surrounding the Offer, and will be subject to favorably securing the necessary regulatory approvals.
UBS AG Singapore Branch will act as the Lead Left Joint Global Coordinator and Citigroup Global Markets Limited, Credit Suisse (Singapore) Limited and J.P. Morgan Securities plc will serve as Joint Global Coordinators for the proposed offering. BDO Capital & Investment Corporation, BPI Capital Corporation and First Metro Investment Corporation will be the Local Lead Underwriters.