THE Philippine Stock Exchange (PSE) will buy more shares in Philippine Dealing System Holdings Corp. (PDS) after its Board of Directors approved a plan to secure a P1.15-billion loan to fund the transaction.
“The Board of Directors of the Company, in its meeting held today, authorized the obtainment of a loan in the amount of P1.15 billion for the purchase of additional shares in PDS Holdings Corp. and P400 million to fund the fit-out and capital requirements of the company for the term of one year,” the bourse announced in a filing on Thursday.
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