Basic Energy Corp. secured the Securities and Exchange Commission's (SEC) approval to increase its capital stock to P5 billion to bankroll new and existing projects.

In a disclosure on Wednesday, Basic Energy said the SEC approved last September 10 to double its authorized capital stock to P5 billion from P2.5 billion.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details