SEC approves basic energy capital hike

By Jordeene B. Lagare

Sep 30, 2021 1:00 am

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.

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