THE Securities and Exchange Commission (SEC) approved on Friday 8990 Holdings, Inc.’s planned issuance of perpetual preferred shares as well as Alsons Consolidated Resources, Inc.’s planned issuance of P2.5 billion in short-term commercial papers.
Property developer 8990 seeks to raise up to P5 billion from the issuance of 50 million perpetual preferred shares with a par value of P1.00 per share at an offer price of P100 apiece.
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