The Philippines Securities and Exchange Commission (SEC) has given the green light to Chelsea Logistics Corp (CLC) for its IPO.
SEC commission secretary Arman Pan said the Dennis Uy-owned shipping company has been cleared to offer 546.6m new shares for up to PHP 14.63 each, raising as much as PHP 8bn ($157.58m), the Inquirer daily reported.
The deal should go through by the end of July.
