The Philippine Stock Exchange has approved the P600 million stock rights offer of Petro Energy Resources Corp consisting of 140 million shares at a price range of P4.30 to P4.35 per share.
“The company’s application for the listing for the rights shares was approved by the PSE on April 8. All of the rights shares are expected to be listed on the PSE on June 1,” PetroEnergy said in a document attached to the notice posted at the PSE website.
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