September 22, 2013

AGI prices TSI offering

Alliance Global Group, Inc. (AGI)  has  priced an offering of 1.8 billion common shares in Trillion Stars Holdings, Inc. (TSI). The offering amounts to approximately 12% of the total issued shares of TSI, which will be renamed Emperador Inc. At the price of P8.98 per share, the offering will raise gross proceeds of approximately P16.2 billion (approximately US$371 million).

At the offering price, TSI’s market  capitalization will be valued at approximately P135 billion (US$3.09 billion), making it one of the top 20 largest listed companies on the Philippine Stock Exchange by market capitalization as at 19 September 2013. -WealthSec