The Philippine Stock Exchange (PSE) has accepted the P12-billion percentage sale deliberate via GT Capital Holdings Inc. Via a observe-on imparting, the proceeds of which will be used to finance the corporation’s debt obligations and acquisition deals.
The change published the approval observe on its website on Monday, weeks after the Securities and Exchange Commission accepted the proportion sale. “The Exchange’s approval of the offer is difficulty to the agency’s compliance with all of the conditions and put up-approval requirements of the exchange.”
GT Capital is offering as much as 12 million perpetual desired stocks at P1,000 each. The stocks are classified as cumulative, non-voting, non-collaborating, and non-convertible stocks.
The George Ty-led conglomerate might initially offer 8 million stocks, and 4 million more stocks in case of an oversubscription.
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