𝐆𝐂𝐚𝐬𝐡 𝐞𝐱𝐩𝐚𝐧𝐝𝐬 𝐅𝐢𝐥𝐢𝐩𝐢𝐧𝐨𝐬’ 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐟𝐢𝐫𝐬𝐭 𝐟𝐨𝐥𝐥𝐨𝐰-𝐨𝐧 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐨𝐧 𝐆𝐒𝐭𝐨𝐜𝐤𝐬 𝐏𝐇
𝐆𝐂𝐚𝐬𝐡 𝐞𝐱𝐩𝐚𝐧𝐝𝐬 𝐅𝐢𝐥𝐢𝐩𝐢𝐧𝐨𝐬’ 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐟𝐢𝐫𝐬𝐭 𝐟𝐨𝐥𝐥𝐨𝐰-𝐨𝐧 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐨𝐧 𝐆𝐒𝐭𝐨𝐜𝐤𝐬 𝐏𝐇, 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐌𝐞𝐠𝐚𝐰𝐢𝐝𝐞
𝙊𝙛𝙛𝙚𝙧𝙚𝙙 𝙗𝙮 𝙗𝙧𝙤𝙠𝙚𝙧 𝘼𝘽 𝘾𝙖𝙥𝙞𝙩𝙖𝙡 𝙎𝙚𝙘𝙪𝙧𝙞𝙩𝙞𝙚𝙨 𝙄𝙣𝙘. 𝙫𝙞𝙖 𝙂𝙎𝙩𝙤𝙘𝙠𝙨 𝙋𝙃, 𝙩𝙝𝙚 𝙁𝙊𝙊 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙥𝙩𝙞𝙤𝙣 𝙛𝙚𝙖𝙩𝙪𝙧𝙚 𝙤𝙣 𝙂𝘾𝙖𝙨𝙝 𝙢𝙖𝙠𝙚𝙨 𝙈𝙚𝙜𝙖𝙬𝙞𝙙𝙚’𝙨 𝙎𝙚𝙧𝙞𝙚𝙨 7 𝙁𝙊𝙊 𝙖𝙫𝙖𝙞𝙡𝙖𝙗𝙡𝙚 𝙩𝙤 𝙁𝙞𝙡𝙞𝙥𝙞𝙣𝙤𝙨, 𝙬𝙞𝙩𝙝 𝙛𝙞𝙭𝙚𝙙 𝙙𝙞𝙫𝙞𝙙𝙚𝙣𝙙 𝙧𝙖𝙩𝙚𝙨 𝙪𝙥 𝙩𝙤 7.70% 𝙖𝙣𝙣𝙪𝙖𝙡𝙡𝙮.
As part of its commitment to making investing more accessible to all Filipinos, GCash is expanding GStocks PH to include Follow-On Offering (FOO) subscriptions. Offered by broker AB Capital Securities Inc., the FOO feature allows everyday investors to easily participate in additional share issuances from listed companies, beginning with Megawide’s (MWIDE) Series 7 Preferred Shares.
Through GStocks PH, Filipinos can invest in Megawide’s Series 7 Preferred Shares, available in two tranches—MWP7A offering a fixed dividend rate of 7.31% per year for three years, and MWP7B offering 7.70% per year for five years—providing stable and attractive returns. The offer period opens on October 30 and closes on November 4, with the FOO directly accessible within GCash.
In the past, subscribing to FOOs was often a complex and fragmented process for retail investors, requiring multiple platforms and high minimum investment amounts. GCash aims to improve this by offering a fully-digital, seamless experience with added affordability.
The MWIDE FOO on GStocks PH comes with a minimum investment of Php 1,000 per order or equivalent to 10 shares at Php 100 per share, further easing retail access. Accessible 24/7 within the GCash app, GStocks PH allows investors to subscribe to the FOO anytime at their convenience. The platform also provides real-time transparency by immediately confirming allocation status while shares remain available through the broker.
𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠
This latest development on GStocks PH strengthens efforts by GCash to make investing more inclusive for every Filipino, following the October launch of its in-app Initial Public Offering (IPO) subscription feature. Through GStocks PH, Filipinos can now easily open a stock trading account, fund it using their GCash wallet, and subscribe to both IPOs and FOOs all within one platform.
“Expanding GStocks PH capabilities to now include FOOs gives everyday investors even more pathways toward building their financial future,” said Winsley Bangit, Group Head of New Businesses at Mynt, the parent company of GCash. “This continues the momentum of the IPO subscription feature we introduced just last month and represents an exciting step in our mission to democratize investing for all Filipinos.”
“Through our continued collaboration with GCash, AB Capital Securities is thrilled to extend this innovation to more investors,” said Hazel Tanedo Tan, President of AB Capital Securities Inc. “The added digital FOO feature on GStocks PH brings us closer to our goal of championing stronger access to the capital markets and empowering more Filipinos to strive toward their financial goals.”
Fully verified GCash users can subscribe to FOOs through GCash by opening the app, going to GInvest and tapping GStocks PH. The feature is available during the Megawide Series 7 FOO and other Follow-On Offerings in the future.
GCash remains committed to providing accessible and inclusive financial tools that help Filipinos invest, build wealth, and secure a better financial future.
For more information, please visit the Help Center.
The information provided is for informational purposes only and does not constitute financial, investment, or professional advice. You should always consult a qualified financial professional before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results. Any reliance you place on the information provided is strictly at your own risk.
**********
𝐀𝐛𝐨𝐮𝐭 𝐆𝐂𝐚𝐬𝐡
GCash is the Philippines’ #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines.
GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
#GCash #GstocksPH #Megawide #CebuHappenings #MandaueHappenings #ManilaHappenings #MindanaoHappenings #PRworks
Please FOLLOW Cebu Happenings on Facebook.




Comments
Post a Comment