AYALA Corp. (AC) has raised $275 million (about P12.4 billion) from the sale of common shares to finance investments in infrastructure and power generation projects.
“Proceeds raised from this placement will allow Ayala to expand into business lines that will result in robust and sustainable earnings for the company. At the same time, this equity issuance further strengthens the balance sheet of the company,” said Delfin Gonzales Jr., AC chief financial officer.
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