Aznar Shipping to earmark P504M of IPO proceeds for two new vessels

Aznar Shipping to earmark P504M of IPO proceeds for two new vessels

AZNAR SHIPPING Corp. plans to spend about P503.7 million, or nearly four-fifths of the net proceeds from its proposed initial public offering (IPO), to acquire two brand-new roll-on/roll-off passenger vessels for deployment by the second half of 2027, its preliminary prospectus showed. The Cebu-based shipping company expects to raise about P640.86 million in net proceeds […]

Source: BusinessWorld
https://bworldonline.com/corporate/2026/09/21/778619/aznar-shipping-to-earmark-p504m-of-ipo-proceeds-for-two-new-vessels/