In a stock exchange filing, EEI said it secured board approval to issue 20 million preferred shares with a par value of P0.50 from its unissued preferred shares by way of private placement.
EEI said the subscription to the preferred shares by way of private placement has a total aggregate value of P2 billion.
RCBC Trust Corp. will serve as investment manager.
Denne historien er fra November 21, 2024-utgaven av The Philippine Star.
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Denne historien er fra November 21, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
PBA BARS OFFERS ULTRA-LUXURY MODELS IN 'Hl GH-END WEEKEND'
The Bangko Sentral ng Pilipinas (BSP) has dismissed four \"absentee\" employees in the offices of two former Monetary Board members, citing serious dishonesty, grave misconduct and habitual absenteeism as the grounds for their removal.
Profit-faking snaps market's 4-day climb
The stock market snapped its winning streak as investors pocketed gains from a four-dav rally.
Canadian businessmen to visit Phl for trade prospects
A delegation of 300 business leaders from Canada is set to visit the country next month to check out opportunities, in line with the Canadian government's thrust to diversify trade.
Players jostling for new digital bank slots
Foreign and local financial institutions have expressed growing interest in securing a digital banking license as the Bangko Sentral ng Pilipinas (BSP) prepares to reopen applications next year.
Peso plunges to 59:$1, weakest in over 2 years
The peso depreciated for the third straight trading day to close at 59 to $1 yesterday, matching the all-time low last seen in more than two years, amid uncertainty over US economic policies and Philippine monetary policy.
46% of Pinoys use AI at work, study shows
The country's adoption of artificial intelligence (AI) is on the rise, with over 40 percent of Filipinos saying they use the technology for work, according to online employment platform Jobstreet by SEEK.
NU, La Salle renew volley rivalry
Back-to-back titlist National U and La Salle bring their UAAP rivalry to the Shakey's Super League Collegiate Pre-Season Championship, clashing in the much-awaited Game 1 of the finale today at the Rizal Memorial Coliseum.
Nats to erase HKG nightmare
Gilas will take on Hong Kong in the second game of the second FIBA Asia Cup qualifying window at the MOA Arena on Sunday with the goal of duplicating its rout during the first window last February.
Suzuki, Lee top Southwoods tilt
The Southwoods Chairman's Charity Cup concluded on a high note, cementing its reputation as one of Manila Southwoods' most prestigious events.
Volley Angels make MPVA finals
Games on Monday (Alonte Sports Arena) 4 p.m. – Rizal vs Bacoor (bronze medal match) / 6 p.m. – Quezon vs Biñan (Game 1 of finals)