The Lucio Co-led Cosco Capital Inc. intends to firm up presence as a focused retail conglomerate with expansion activities in all of its units, after raising P16.8 billion through a share placement on Friday.
Leonardo Dayao, president of Cosco Capital, said in a briefing held on Friday that the bulk of the proceeds from the share placement, which generated as high as $400 million, or P16.8 billion, is planned for the expansion of the company.
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