PSE approves Phinma’s P1-B stock rights offering

Conglomerate Phinma Corp. is all set to raise P1.1 billion from its stock rights offering next month, allowing it to beef up capital and pursue expansion plans. The Philippine Stock Exchange said in a notice on Thursday it had approved Phinma’s application to list up to 51.5 million common shares for up to P21.55 each.
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