LAGUNA, PHILIPPINES -- Cirtek Holdings will undergo a new round of financing expected to raise up to $200 million.

The EMS company plans to use the proceeds to fund future growth and trim debt.

Cirtek said to offer of 200 preferred shares will raise at least $120 million, and as much as $200 million in the event of oversubscription. The preferred shares will be offered to the market in November, company officials said. The firm will use a third of the proceeds to pay down existing obligations and the rest will fund acquisitions and organic expansion.

Cirtek forecasts revenues of $120 million this year following its acquisition of Quintel.

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