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Petron raises P 16.8B from sale of preferred shares

By Inquirer - 2 months ago
The latest preferred share offering of Petron Corp. was well-received by investors, allowing the listed oil company to raise P16.83 billion. The country’s only oil refiner backed by tycoon Ramon S. Ang disclosed the completion of the offering in a disclosure to the local bourse Tuesday. Earlier, Petron said the fresh funds would be used

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