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Manila Bulletin devider Business devider The Stock Market devider SEC greenlights Filinvest's preferred share offering of up to ₱8 billion

SEC greenlights Filinvest's preferred share offering of up to ₱8 billion

Published Jul 10, 2025 03:25 pm
The Securities and Exchange Commission (SEC) has approved the planned preferred share offering of the Gotianun Group’s investment arm Filinvest Development Corp. (FDC) of up to ₱8 billion.
In its meeting on July 8, the Commission En Banc resolved to render effective the registration statement of FDC covering up to eight million preferred shares, subject to the company’s compliance with certain remaining requirements.
The offer will consist of six million preferred shares as part of the base offer, with an oversubscription option of up to two million. The preferred shares, which are perpetual, cumulative, non-voting, non-participating, non-convertible, redeemable, and re-issuable, will be priced at ₱1,000 apiece.
Filinvest expects to net up to ₱7.93 billion from the offer, assuming oversubscription is fully exercised. Proceeds will be used for refinancing, capital expenditures and general corporate purposes.
The preferred shares will be offered from July 21 to 25, in time for listing at the main board of the Philippine Stock Exchange (PSE) on Aug. 4, according to the latest timetable submitted to the SEC.
The company tapped BPI Capital Corp., BDO Capital & Investment Corp., China Bank Capital Corp., Land Bank of the Philippines, and Security Bank Capital Investment Corp. as joint lead underwriters and joint book runners for the offer. BPI Capital, meanwhile, will serve as the sole issue manager.
FDC is setting a ₱24-billion capital expenditure budget for 2024, 20-percent more than the ₱20 billion allotted in 2023, so it can achieve a 20-percent growth for another record year.
According to FDC Chief Finance Officer (CFO) and Treasurer Ven Christian Guce, “47 percent of that will go into the expansion projects of our real estate. These are projects that are already ongoing, just completing.”
“And then, we’re looking at 40 percent will go into the expansion of the different portfolios of our segments, like hotel, investment into renewables, investments into our core power business.
“And then, 10 percent will go into digitalization and our investments into the shared services organization, which is really going to drive operational efficiencies group-wide,” according to Guce.

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Securities and Exchange Commission Filinvest Development Corporation Ven Christian Guce
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