As published on Bilyonaryo MRC Allied Inc. has firmed up the terms of its planned private placement of shares to raise P1 billion. The company has trimmed the number of shares to 1.43 billion from 2.56 billion. The shares will be sold at P0.70 per share, up from the original plan of P0.39 apiece. Proceeds from the offering will be used to fund the firm’s diversification into power. MRC earlier announced plans to invest as much as P200 billion to build up a portfolio of 1,00 m

As published on PhilStar MANILA, Philippines — MRC Allied Inc. is pursuing a P1-billion share sale to support its expansion into the power sector. In a disclosure to the Philippine Stock Exchange, MRC Allied said its board amended the terms of the planned private placement. The company has reduced the amount of shares to be sold through a private placement but raised the price of the share sale. The MRC board nearly halved the amount of shares from 2.56 billion common shares