Hann Holdings defers PHP13bn Philippine IPO amid weak market conditions
Hann Holdings deferred its planned PHP13 billion IPO in the Philippines, notifying the Securities and Exchange Commission and Philippine Stock Exchange. The offer had been scheduled for 9–15 September, with a 23 September listing; the company said it intends to pursue the IPO when market conditions improve.
The postponement delays Hann Holdings’ planned capital raise for investment and corporate purposes.