AYALA Corp. said Monday that it had received a permit from the Securities and Exchange Commission (SEC) for the public offering and reissuance of up to 7.5 million preferred "B" shares.

The follow-on offer period starts today and will end on October 7 while the issuance and listing of the preferred shares on the Philippine Stock Exchange (PSE) is scheduled for October 15, Ayala said in stock exchange filing.

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