“We’re grateful and at the same time, humbled by the strong response of the investment community. Results such as this move us to pursue projects that will ensure our growth and sustainability in the long haul,” said Petron president-- READ MORE:
Major oil player Petron Corp. said Friday it raised P14 billion from its perpetual preferred shares offering.
“We’re grateful and at the same time, humbled by the strong response of the investment community. Results such as this move us to pursue projects that will ensure our growth and sustainability in the long haul,” said Petron president and chief executive Ramon Ang. Petron offered the preferred shares to the public from June 15 to June 27, 2023. It listed the preferred shares at the Philippine Stock Exchange on July 7.
Petron tapped China Bank Capital Corp. as sole issue manager and Bank of Commerce, China Bank Capital Corp., Philippine Commercial Capital Inc., PNB Capital and Investment Corp. and SB Capital Investment Corp. as joint lead underwriters and joint bookrunners.Petron posted a net income of P3.4 billion in the first quarter, slightly lower than its net income of P3.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOE: El Niño not a major problem this year, but 4 yellow alerts expectedThe Department of Energy (DOE) said Friday that the onset of the El Niño phenomenon will not pose a serious problem for the country’s power situation for the rest of the year.
Read more »
Aussie police arrest 2 teenagers over major structure fire in Melbourne's CBDSYDNEY, Australia -- Police in the Australian state of Victoria on Friday arrested two teenagers following a major fire in Southbank, Melbourne.
Read more »
Pagcor orders shutdown of Las Piñas-based Pogo hubThe Pagcor has issued a cease and desist order against Pogo service provider Xinchuang Network Technology Inc. (formerly known as Hong Tai), effectively shutting down its operations in Las Piñas City. | dexcabalzaINQ /PDI
Read more »
Here's another way to score tickets for Taylor Swift's Eras Tour in SingaporeBuying tickets to Taylor Swift’s concerts in Singapore has been a major stress fest so far, but this promo might help you score some.
Read more »
‘Inexperienced’ Team USA heads to FIBA World Cup in ManilaNine of the 12-man roster have suited up for Team USA, but none have played in a major international competition like the Olympics or the World Cup. FIBAWC
Read more »
Ayala energy firm to borrow $352M for global expansionA unit of Ayala-led power developer ACEN Corp. is raising $352 million via debt deals to support its aggressive international expansion as it races to reach its renewable energy targets by the end of the decade. | MegINQ /PDI
Read more »