IMI Raises PhP1.6B from Public Offering of Common Shares

Laguna—(PHStocks)—Integrated Micro-Electronics Inc. (PSE: IMI), the electronics manufacturing services (EMS) arm of conglomerate Ayala Corp. (PSE: AC), held a bell ringing ceremony at the Philippine Stock Exchange (PSE) for successfully raising PhP1.6 billion from a public offering of its common shares. IMI listed by way of introduction on the Exchange in January 2010.

“I am told that a good portion of the amount raised from this offering will be utilized by the company to expand its facilities and for the maintenance of its plants and machinery both here and abroad. I am optimistic that these improvements will continue to boost the profitability of IMI across all its sites,” said PSE Chairman Jose T. Pardo in his welcome remarks during the ceremony.