INQUIRER.net: Alliance Global to sell 12% of backdoor listing firm

INQUIRER.net Philippine News for Filipinos

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Alliance Global to sell 12% of backdoor listing firm Sep 17th 2013, 22:25 MANILA, Philippines—Alliance Global Group Inc., a listed holding firm of tycoon Andrew Tan, is offering 1.8 billion shares of Touch Solutions Inc., or about 12 percent of the company. This is in line with the backdoor listing transaction of Alliance Global's Emperador Distillers Inc.   A filing at the Philippine Stock Exchange made by Alliance Global said a "significant" portion of the proceeds from the share sale would go to Touch Solutions. The deal is being handled by Macquarie Capital (Singapore) Pte. Ltd., the filing showed.   It added that the final price of the offer would be determined by the typical book-building exercise, which was ongoing. &nbs... Keep on reading: Alliance Global to sell 12% of backdoor listing firm Media files: pse-logo.jpg (image/jpeg)

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