top of page
Search

MRC to pursue P1B share sale

  • MRC Allied Inc.
  • Apr 16, 2018
  • 1 min read

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 megawatts of clean and renewable” energy by 2022

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • LinkedIn Social Icon

© 2017 by The MRC Group of Companies

  • Black Facebook Icon
  • Twitter - Black Circle
  • Black LinkedIn Icon
bottom of page