TrillionStars Holdings, formerly Touch Solutions Inc., offers 1.8 billion shares

Published September 18, 2013 5:31am

Alliance Global Group Inc.-led TrillionStars Holdings has put up for sale 12 percent of its outstanding common stock—a move that could raise more than P21 billion for the holding firm of tycoon Andrew Tan.

The disclosure to the Philippine Stock Exchange said “a significant portion” of the proceeds from the offering of 1.8 billion shares will go to TrillionStars.

Using the P11.90 last traded price of TrillionStars' former name, Touch Solutions Inc., the offered shares could generate over P21 billion.

Alliance Global got Macquarie Capital (Singapore) Pte. Ltd. to lead manage the offering.

In an earlier disclosure, TSI said it and AGI "have agreed that the Investors will subscribe to an aggregate of up to 15 billion shares of the Company at par value, to be issued out of the Capital Increase."

"As part of the transaction, AGI will transfer, and the Company will receive, shares of Emperador Distillers, Inc.," TSI added. This way, Emperador avails of the exchange's backdoor listing rules through AGI's TrillionShares and raises the capital it needs for its expansion program.

Emperador International Ltd., the international liquor arm of Andrew Tan's listed Alliance Global, will invest P5.8 billion in Spain over the next 12 months in line with a strategy to grow its brandy brand globally.

Emperador International is now acquiring vineyards and other brandy production facilities, which include distilling and bottling plants in Spain, the statement said, noting that due diligence is being conducted for the said acquisition. — ELR, GMA News

Tags: allianceglobal, touchsolutions, trillionstars