EastWest Bank lists shares from stock rights offering
EastWest Banking Corporation (EW) listed more than 371 million shares from its recently concluded stock rights issuance at the Philippine Stock Exchange (PSE) and raised P8 billion from the offering.
“I am glad that EastWest has chosen to tap the equities market to raise additional capital especially as this fund raising exercise will further boost the bank’s capital adequacy ratio and support its growth strategy moving forward,” said PSE Chairman Jose T. Pardo in his welcome remarks during the listing ceremony.
Shown in the photo (L-R): EW Independent Director Jose Sandejas; EW Independent Director Paul Aquino; EW President and CEO Antonio Moncupa, Jr.; EW Chairman Emeritus Andrew Gotianun, Sr.; PSE Chairman Jose T. Pardo; PSE Director Vivian Yuchengco; PSE President and CEO Hans B. Sicat; PSE Director Alejandro T. Yu; PSE Chief Operating Officer Roel A. Refran and EW Chief Operating Officer Jose Emmanuel Hilado.
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