Manila: Philippines shipping firm Harbor Star Shipping Services Inc. has revealed plans for an IPO worth P593.8 million.
In an announcement to the Philippine Stock Exchange the company said the listing of shares was set for August 2, with an offer period from July 22 to 26, and pricing being set on July 10.
Harbor Star is a port services company and owns more than 20 tugs, placed at major ports around the Philippines, and proceeds will be used to add to the fleet and the settlement of loans reducing debt. [02/07/13]
