On tap: San Miguel Food unveils $2.3bn share sale

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By John Loh
23 Aug 2018

San Miguel Food & Beverage is gearing up for what is expected to be one of the largest stock sales out of southeast Asia in the second half of this year.

The issuer filed a draft prospectus for the Ps124.2bn ($2.3bn) follow-on offering with the Philippines Securities and Exchange Commission on Wednesday, the listed firm said in a stock exchange filing.

The sale will comprise 887m secondary shares and a further 133m shares, also secondary, in the greenshoe, with ...

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