FNI P31-b FOO next month

FNI P31-b FOO next month, price TBD on Mar. 13

  • Global Ferronickel Holdings, Inc. added
  • FNI will sell 6.16-b common shares with an option to sell another 924.7-m shares at a max price of P4.38/sh.
  • Final FOO price will be announced on Mar. 13; offer period from Mar. 17-23.
  • FNI is the 3rd largest nickel producer in the country in terms of volume shipped. It accounted for 11% of PHL’s nickel ore exports in 2013.

source: Regina Capital Corporation

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