Metrobank to Offer Stock Rights

From the PSE website: MBT Stock Rights Offer

Despite the recent corrections on the local stock market, listed companies are still keen on capitalizing the “still” bullish trend and strength of our local market. Metrobank (MBT) is now to offer to the general investing public a Stocks Right Offer (SRO), with the entitlement ratio and price to be determined at a later date.

With MBT joining the list of IPOs and SROs of Cebu Pacific, Nickel Asia, Lepanto and IP Converge, shows that the listed companies and other businesses are still bullish on the future prospects of the market to further expand their businesses.

Will post more details as more data becomes available, so stay tuned.