Tuesday 17 July 2018
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4 months ago

PSE completes P2.9B rights offer

The Philippine Stock Exchange (PSE) has completed a P2.9 billion stock rights offering, proceeds from which are mostly meant to fund an acquisition that will unify the country s capital market infrastructure. The new 11.5 million new shares issued by the PSE at P252 per share were listed on Thursday after a bell-ringing ceremony. This SRO (stock rights offering) provided investors greater opportunities to own shares of PSE, which has been profitable for several years and regularly distributes a substan

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