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MVGS congratulates Steniel Manufacturing Corporation (STN) on its successful Follow On Offering (FOO). This is the company’s first public offering since its trading activities were suspended in 2006. STN resumed trading in April 2024 and completed its FOO last November 2025. MVGS advised STN in its FOO and lifting of trading suspension.

STN intends to use the majority of the proceeds to expand its existing warehouse in Davao del Norte into a new logistics and production facility. This will allow STN to cater to a broader range of customers that require just-in-time inventory management. This will also boost the plant’s total capacity to more than 58,000 metric tons from the current 38,000 metric tons capacity.

Congratulations, STN Team!