Philippine stocks: Gainers, losers, market-moving news – October 2021

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Manny Villar’s AllDay Marts lowered its initial public offering price to P0.60 per share, the Philippine Stock Exchange said on Wednesday, October 13.

AllDay is set to offer 6.8 6 billion firm shares and up to 685.7 million option shares from October 18 to 25.

AllDay will use the funds to pay for debt and capital expenditures, as well as working capital for its store network expansion.Converge ICT Solutions consolidated its brand for business connectivity, data transport, and other ICT solutions under an umbrella brand called"Converge Business." The listed fiber provider said Converge Business will have various segments to address market needs among small and medium enterprises , wholesale, and enterprise solutions.

"We at Converge knew we needed to be more innovative, progressive, and aggressive in the B2B segment as we want to continuously equip the Filipino businesses to be competitive in their respective industries," said Converge chief operations officer Jesus Romero.

 

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