EEI to raise P2 B via private placement
The Philippine Star|November 21, 2024
Listed construction giant EEI Corp. is raising P2 billion via the issuance of preferred shares to bolster the company's balance sheet and fund future projects.
RICHMOND MERCURIO

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.

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