Swift to wipe out P3-B deficit

By Tyrone Jasper C. Piad

Dec 06, 2019 12:08 am

SWIFT Foods Inc. has approved its planned equity restructuring to eliminate a significant portion of its deficit amounting to over P3 billion.

In a disclosure on Thursday, the listed food manufacturer said it would nearly wipe away its outstanding deficit, reducing it by P2.99 billion following the transaction.

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