Monday 24 September 2018
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3 months ago

ISM sells shares, eyes new investors

Listed ISM Communications Corp. announced yesterday plans to raise at least P2.5 billion in a private share sale and to take on new investors, including the Udenna Group s Dennis Uy. ISM sought a voluntary trading halt yesterday ahead of the announcement, which came amid an almost 50-percent jump in its share price over the last two weeks. Trading of ISM shares will likely resume on Monday. In its disclosure, ISM said its board had authorized the issuance of about 1.72 billion shares at a minimum pr

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