Hybrid rice producer plans P8-B IPO
MANILA, Philippines – Hybrid rice and seed producer SL Agritech Corp. plans to pursue an initial public offering (IPO) by the second half of 2017, aiming to raise up to P8 billion.
“We are looking at selling as much as 25 percent of the company. We want to raise P7- to P8-billion,” SL Agritech chairman Henry Lim said.
Lim said SL Agritech was able to expand its operations in the last two years, prompting the company to revive its IPO plans.
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