THE Gotianun family’s holding firm Filinvest Development Corp. (FDC) on Wednesday said its board of directors has approved the company’s equity offering, which may either be a private placement or a top-up offering.
The company has delegated the president of the company, Lourdes Josephine Gotianun-Yap, to appoint advisers, consultants, underwriters, lead managers, arrangers, global coordinators, stabilization agents and other relevant parties for the said measure.
The company will still determine the price of the offering and seek the authority to list the shares issued in connection with the Philippine Stock Exchange, it said.
Meanwhile, the company has promoted Sharon P. Pagaling-Refuerzo, 39, as its new corporate secretary. Previously the company’s assistant corporate secretary, Refuerzo is concurrently senior assistant vice president for the corporate advisory services of the legal department of Filinvest Land Inc. She is also the corporate secretary of Cyberzone Properties Inc., The Palms Country Club Inc., and Timberland Sports and Nature Club Inc., as well as corporate secretary in various companies of the Filinvest Group.