Vol. XXI, No. 146 [ Business World Online ]
Monday, February 25, 2008 | MANILA, PHILIPPINES
Proceeds of P43.25M way below Sobrepeña firm’s P572.7-M target
UNFAVORABLE market conditions, coupled with a low stock price in the stock market, adversely impacted on Fil-Estate Land, Inc.’s stock rights offering.
In a disclosure, the company said that it only raised P43.254 million from the rights offer, as its shareholders opted not to buy majority of offer shares. > > > [ full story ]
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