SEC: CTS Global Equity eyes initial public offering

THE Securities and Exchange Commission (SEC) said on Monday that CTS Global Equity Group Inc. has submitted the registration statement for its initial public offering.

CTS Global Equity Group is a trading firm based in the Philippines.

In a statement, the SEC said it has received the registration statement on Dec. 14 for the IPO of 1,375,000,000 common shares at P1 per share. SEC said proceeds from the offer will be used to scale up its trading operations, expand account management business, and for other general purposes. (PR)

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