IMI to List on Philippine Exchange
Published: 13 January 2010
by Mike Buetow
MANILA -- Integrated Microelectronic Inc. will list its shares in the Philippine Stock Exchange later this month, the company said.
The electronics manufacturing service provider will list a reported P1.27 billion worth of common shares. The shares may be traded but will not be sold immediately. Instead, IMI must hold a public offering within 12 months after the so-called "backdoor" listing.
IMI is a global top 30 EMS company, with sales of mroe than $450 million in 2008. It has not yet reported its final 2009 financials. It is a subsidiary of the Filipino conglomerate Ayala.
