Defining the News
Conglomerate Ayala Corp. said Thursday it is raising up to P17.21 billion from the sale of treasury and preferred shares.
Prior to the transaction, the conglomerate has 15.244 million treasury common shares. After the deal, its treasury shares will drop to 12.7 million.Under the plan, the conglomerate will reissue and sell up to 5 million preferred shares at P2,000 apiece. In case of oversubscription, the group may increase the size of the offer by an additional 2.5 billion shares.
BPI Capital Corp. will serve as the issue manager. Ayala also engaged BDO Capital & Investment Corp., BPI Capital, China Bank Capital Corp.,PNB Capital and Investment Corp. RCBC Capital Corp. and SB Capital Investment Corp. as joint lead underwriters and book runners for the transaction.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PSE OKs Petron's P17B share offerTHE Philippine Stock Exchange (PSE) said Thursday it has approved the application of Petron Corp. for the follow-on offering of up to 17 million preferred shares that will be issued in two subseries, Series 4D (PRF4D) and Series 4E (PRF4E) at an offer price of P1,000 each, raising P17 billion.
Read more »
PAO lauds SC rule on good conductDefining the News
Read more »
From the ground up: Rep. Joboy Aquino’s journey to national leadershipDefining the News
Read more »
SGH conducts Ilocos medical missionDefining the News
Read more »
W. Visayas kicks off school-based vax driveDefining the News
Read more »
Rice shipments ready to leave port—PPADefining the News
Read more »