LN00125-2022

NOTICE

Subject Raslag Corp.: Initial Public Offering – Preliminary Terms and Conditions
Company Name Raslag Corp.
Mode of Listing Initial Public Offering
Security Details
Type of Security Stock Symbol Par Value
Common Shares ASLAG Php1.00
Issued Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
ASLAG Common Shares 1,150,000,000 Up to 1,500,000,000
Outstanding Shares (Pre and Post-Offer)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
ASLAG Common Shares 1,150,000,000 Up to 1,500,000,000
Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol Type of Shares Number of shares
Pre-Offer
Number of shares
Post-Offer
- - - -
Primary Offer Shares
Stock Symbol No. of Shares
ASLAG Up to 350,000,000
Secondary Offer Shares (if applicable)
Stock Symbol No. of Shares
- -
Total Firm Offer Shares
Stock Symbol No. of Shares
ASLAG Up to 350,000,000
Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol No. of Shares
ASLAG Up to 52,500,000
Total Shares Applied for Listing
Stock Symbol No. of Shares
ASLAG Up to 1,500,000,000
Offer Price Up to Php2.00
Market Capitalization (Post-IPO) Up to Php3,000,000,000.00
TP Allocation Up to 70,000,000 common shares equivalent to up to Php140,000,000.00
Allocation per TP Up to 560,000 common shares equivalent to up to Php1,120,000.00
LSI Allocation Up to 35,000,000 common shares equivalent to up to Php70,000,000.00
Estimated Public Float (with Overallotment/Oversubscription) 26.83%
Estimated Public Float (without Overallotment/Oversubscription) 23.33%
Total Shares Under Escrow
Stock Symbol No. of Shares Duration of Lock-up
ASLAG 1,097,497,600 180 days
Parties to the Offer
Function Name of the Party
Sole Issue Manager, Sole Underwriter and Sole Bookrunner China Bank Capital Corporation
Selling Shareholder J Ten Equities, Inc.
Counsel for the Issuer Atty. Lyra Gracia Y. Lipae-Fabella, CPA
Counsel for the Sole Issue Manager, Sole Underwriter and Sole Bookrunner Picazo Buyco Tan Fider & Santos
Selling Agents PSE Trading Participants
Stabilizing Agent China Bank Securities Corporation
Escrow Agent (IPO Net Proceeds) China Banking Corporation - Trust and Asset Management Group
Stock Transfer Agent Professional Stock Transfer, Inc.
Receiving Agent Professional Stock Transfer, Inc.
Escrow Agent BPI Securities Corporation
External Auditor Punongbayan & Araullo
Price-Setting Date May 18, 2022
Start of Offer Period May 23, 2022
End of Offer Period May 27, 2022
Tentative Listing Date Jun 6, 2022
Corporate Website Hyperlink to the Prospectus TBD
Other Relevant Information

The Exchange approved the application of Raslag Corp. (“ASLAG” or the “Company”) for the initial listing of up to 1,500,000,000 common shares, with a par value of Php1.00 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO”) with the following details:

1. 1,150,000,000 common shares, representing the total number of issued and outstanding shares of the Company prior to the initial public offering of the Company’s shares; and

2. Up to 350,000,000 common shares, representing the total number of shares to be offered to the public on a primary basis.

The IPO of the Company, with an Offer Price of up to Php2.00 per share, consists of the following:

1. Primary Offering. Up to 350,000,000 common shares will be issued and offered to the public on a primary basis; and

2. Over-allotment Option of up to 52,500,000 common shares to be offered by J Ten Equities, Inc. to the public on a secondary basis.

The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed.

Attached is a copy of the signed Preliminary Offer Terms Sheet.

The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange.

The Exchange will advise the investing public of further developments on the IPO of the Company, including the conduct of stabilizing activities.

For your information and guidance.

Filed on behalf by:
Name Norberto Moreno Jr.
Designation Listings Department