The Philippine Stock Exchange (PSE) has approved the P12-billion share sale planned by GT Capital Holdings Inc. via a follow-on offering, the proceeds of which will be used to finance the company’s debt obligations and acquisition deals.
The exchange posted the approval notice on its website on Monday, two weeks after the Securities and Exchange Commission approved the share sale. “The Exchange’s approval of the offer is subject to the company’s compliance with all of the conditions and post-approval requirements of the exchange.”
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