Alliance Global Group Inc. subscribes 1.38B common shares of Megaworld Corp. for P2.61B to support growth.
Alliance Global Group Inc. (AGI) has approved a subscription to 1.38 billion common shares of Megaworld Corp. for P2.61 billion to support growth and future business expansions. The shares will be issued from the P5.5 billion increase in Megaworld's authorized capital stock, with a subscription price of P1.90 per share, representing a 5% premium. AGI currently holds 56.96% stake in Megaworld.
May 16, 2024
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