Mazda's Philippine Distributor Files for IPO


You’ve always wanted to own one of their cars, but would you want to own a piece of the company? That could very well be the possibility as Mazda’s Philippine distributor plans to list some of its shares on the Philippine Stock Exchange (PSE) by the first half of 2017 at the latest. Bermaz Auto Philippines (BAP), formerly known as Berjaya Auto Philippines, plans an Initial Public Offering (IPO) worth P 1.24 billion or about 15.6 percent of the company.
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