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By: Marvin Germo | September 30, 2019

ACE-Tacloban To Raise P1-Billion Funds

The Securities and Exchange Commission just recently approved the initial public offering of Allied Care Experts Medical Center-Tacloban, Inc. (ACE Tacloban). Given this approval, the company can now push through with its plan to raise up to P1-Billion funds. The registration of the firm was approved during its en banc meeting last September 26. It seems like this year is really the time for IPO as it keeps on showing up from different known companies in the country. Plus, companies who are new to the market usually offer good price deals per share. You better watch out for the coming news about these IPOs!

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Manila – September 14, 15, 21, 22,&28, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Cebu – October 26-27,2019
Stock Smarts Taiwan – November 2, 2019
ICON Davao – November 30, 2019

About ACE’s IPO

The IPO of ACE Tacloban will compose of 36,000common shares with an equivalent value of P200,000 to P400,000 for every group of 10 shares. The issuance of these shares will be done in portions and these will be traded over the counter. The firm is actually eyeing on medical individuals and specialists to join the offering. The company will make it a requirement for medical specialists and physicians who will practice in the hospital to subscribe. It’s a good thing that the hospital is not exclusively offering the shares to outside investors. By this policy, it is actually encouraging its staff to invest.

Qualifications Of Hospital Investors

The hospital disclosed the requirement to be a part of the community. Say for instance, if a physician wants to retain a clinic within ACE, he/she will have to pay what they call the “Privilege to Practice” fee worth P150,000. They will be a part of the active staff of the hospital who will have the chance to be a part of the rotation of the house and walk-in cases. For those who are not willing to pay that one-time fee, they can still be a part of the community but they will only be members of the visiting staff. This means that they can admit patients but they cannot have their own clinic within the hospital and participate in the rotation of house or walk-in cases.

Uses Of Proceeds

Just like any other companies who just entered the stock market, ACE has a better plan for its business. The funds to be raised from this IPO is expected to reach P987.88 million and this will be utilized to pay for loans, working capital, medical equipment, construction, pre-operating expenses, furniture and fixtures, and professional fees of architects and other professionals the company is working with. The firm is currently putting up its 10-storey ACE Medical Center-Tacloban in Tacloban City and it is expected to be completed by October.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
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