GREENERGY Holdings Inc. plans to increase its authorized capital stock this year to P5 billion from P2 billion in order to facilitate an investor’s increase of its stake in the company.
In a filing on Wednesday, the listed holding firm said its board of directors approved and ratified that plan to raise the stock, consisting of 4.9 billion common shares with a par value of P1 each, and 1 billion preferred shares at a par value of 10 centavos apiece.
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