METRO Stores going public


download (2)

From its first department store in Colon st, homegrown Metro Stores of VICSAL Group of Companies has gone a long way from its humble beginnings in the early 80’s. It has established itself as the favorite grocery and department store of Cebuanos with branches in the cities of Lapulapu, Carcar, Toledo, Bogo and Naga as well as in the town of Carmen. It has also expanded in key cities in the Visayas and even in southern Luzon and Mega Manila.

To support further expansion plans, it decided to go public with 26.7% float through an Initial Public Offering (IPO) in the Philippines Stock Exchange (PSE)  scheduled in early November 2015.

METRO Stores is a sister company of TAFT Properties, Prime Asia Lending and Wealth Bank among others.

Here’s a link to the complete story.

http://www.rappler.com/business/industries/210-capital-markets/109556-pse-ipo-gaisano-retail-unit

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s