GWEILO Corp., operator of the Mario’s Kitchen restaurant chain, has been approved by the Securities and Exchange Commission (SEC) to proceed with a bigger initial public offering (IPO) and planned increase in authorized capital stock.
In an en banc meeting on Tuesday, the SEC approved both the increase in Gweilo’s IPO size to P105 million from P95 million earlier, as well as its proposed hike in authorized capital to P350 million from P200 million.
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