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flag Ayala Corp gets SEC approval to sell up to PHP 20 billion in preferred shares to boost finances.

flag Ayala Corp has been approved by the SEC to sell up to PHP 20 billion in preferred shares. flag The shares, priced at PHP 2,000 each, will be reissued and listed on the Philippine Stock Exchange on June 18. flag Proceeds will be used to repay short-term bank loans and fund general corporate purposes and capital expenditures. flag The company is eyeing a strong year in 2025 following its best year in 2024.

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