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Ayala Corp gets SEC approval to sell up to PHP 20 billion in preferred shares to boost finances.
Ayala Corp has been approved by the SEC to sell up to PHP 20 billion in preferred shares.
The shares, priced at PHP 2,000 each, will be reissued and listed on the Philippine Stock Exchange on June 18.
Proceeds will be used to repay short-term bank loans and fund general corporate purposes and capital expenditures.
The company is eyeing a strong year in 2025 following its best year in 2024.
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Ayala Corp obtiene la aprobación de SEC para vender hasta PHP 20 mil millones en acciones preferentes para impulsar las finanzas.