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NexGen P580-M IPO approved by PSE - philstar.com

NexGen P580-M IPO approved by PSE

The PSE [link] approved the IPO application of NexGen Energy Corp. [XG 1.68 pre-IPO]. The tentative deal dates have the offer period running from July 1 through July 8, with a listing on July 16. The placeholder offer price will be updated or confirmed today. XG is a subsidiary of Pure Energy Holdings Corp. [PEHC] and a sister company of Repower [REDC 5.34 unch; 30% avgVol]. PEHC is owned by the Tiu Family. The preliminary prospectus [link] provides all the information needed to evaluate the deal, which is a firm offer of 300,000,000 primary common shares of XG, and an over-allotment option of 45,000,000 secondary common shares, at a price of P1.68/share, for a total potential deal size of P580 million. 

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Filsyn restructures to wipe out P1.86-B deficit - philstar.com - Philippines

Filsyn restructures to wipe out P1.86-B deficit

Filsyn [FYN suspended] [link] wiped out its P1.86 billion deficit (as of Dec. 31, 2021) by way of an equity restructuring that was approved by the SEC. The restructuring will take P1.86 billion in additional paid-in capital and use that to eliminate the company’s accumulated deficit of P1.86 billion. The company will be left with P335 million in additional paid-in capital that, according to the disclosure, “cannot be applied for future losses that may be incurred by Filsyn without prior approval of the SEC.” FYN has been suspended since 2002 for reporting failures and applied with the SEC for approval of this transaction back in 2021.   

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DigiPlus down 12% ahead of today's 1.65-B shares listing - philstar.com - Philippines

DigiPlus down 12% ahead of today's 1.65-B shares listing

DigiPlus [PLUS 13.00, down 12.0%; 601% avgVol] [link] notified the exchange that it would list 1.65 billion common shares on July 25 from a series of subscriptions that were made by a group of buyers (from PLUS’s ownership group) in March 2022 at P1.65/share. The shares have already been counted as issued and outstanding. This transaction only listed the shares which makes them eligible for trade on the PSE’s system.

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Jollibee hit by massive data leak - philstar.com - Philippines

Jollibee hit by massive data leak

Jollibee [JFC 218.00, up 3.3%; 319% avgVol] [link] recently released a statement to say that it has initiated “response protocols” to deal with a data leak that was initially reported by the Twitter account Deep Web Konek on June 20. According to the account, the leak may have exposed the personal information (names, addresses, phone numbers, etc) of up to 32 million people across 650 million entries. JFC said on Friday that it was investigating to “better understand the scope” of the leak. 

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Janine Alexis Miguel - 11M Jollibee customers affected by data breach - manilatimes.net - Philippines

11M Jollibee customers affected by data breach

THE National Privacy Commission (NPC) on Monday reported that it had been notified by fast food giant Jollibee Foods Corp. (JFC) of a data breach affecting some 11 million customers.

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Evelyn Macairan - Dana Sandoval - Immigration - PRA, BI to screen retirement visa applicants - philstar.com - Philippines - China - city Sandoval - city Manila, Philippines

PRA, BI to screen retirement visa applicants

MANILA, Philippines — The Philippine Retirement Authority (PRA) and Bureau of Immigration (BI) have signed a data-sharing agreement to screen foreigners applying for a Special Resident Retiree’s Visa or SRRV.

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Rainier Allan Ronda - DICT tackles engagement with watchdog - philstar.com - Philippines - city Makati - city Manila, Philippines

DICT tackles engagement with watchdog

MANILA, Philippines — The Department of Information and Communications Technology (DICT) will discuss with the Cybercrime Investigation and Coordinating Committee (CICC) its engagement with cybercrime watchdog ScamWatch Philippines in view of the revelation of a hacker that one of its convenors, Manila Bulletin technology editor Art Samaniego, was behind the hacking of government websites.

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International - Jollibe data breach affects 11 million customers — NPC - philstar.com - Philippines - city Manila, Philippines

Jollibe data breach affects 11 million customers — NPC

MANILA, Philippines — The Jollibee group of companies on Saturday reported to the National Privacy Commission a possible breach of their data affecting 11 million "data subjects," mostly customers.

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