CLARK FREEPORT – A P11.43-billion stock market debut of Hann Holdings Inc. has been approved by the Securities and Exchange Commission.
The SEC on Friday, July 18, said its commission en banc approved the registration statement of the firm which covers up to 2.5 billion common shares.
Hann Holdings will offer 500 million primary shares at P23.60 each, including an overallotment option of up to 50 million shares to be offered by its selling shareholder, Hann Group Holdings W.L.L., at the same price.
The IPO is expected to raise P11.43 billion, which will fund expansion plans and general corporate expenses of its wholly-owned subsidiary, Hann Philippines Inc.
Hann Philippines owns Hann Casino Resort, an integrated resort in Clark Freeport hosting Swissotel Clark, Clark Marriott, and Widus Hotel Clark.
The company is also developing Hann Reserve, 450-hectare eco-luxury sanctuary resort development in New Clark City, Tarlac. It features three 18-hole championship golf courses designed by Nicklaus Design, KJ Choi, and Sir Nick Faldo, along with the only PGA-affiliated player development facilities in the country.
Complementing these amenities are prestigious international luxury hotel brands, including Banyan Tree, Sofitel, and Emblems by Accor, as well as The Luxury Collection, Westin by Marriott International, and Intercontinental Hotel by Intercontinental Hotels Group.
Hann Reserve will also feature a commercial center, casino, exclusive residences, an international school, and a 10-hectare public park. It aims to be a model for sustainability and eco-tourism, highlighting local culture, heritage, and community.
The shares will be offered from Sept. 9 to 15 in time for its listing on the main board of the Philippine Stock Exchange on Sept. 23.
CLSA Limited was tapped as the sole global coordinator and joint bookrunner, with Asia United Bank Corp., BDO Capital and Investment Corp., China Bank Capital Corp. and PNB Capital and Investment Corp. as domestic underwriters. With media reports
