Principal shareholders complete payment for P1.25-B PBB placement

By Eireene Jairee Gomez

Jan 14, 2023 12:13 am

Principal shareholders of Philippine Business Bank (PBB) have completed the subscription payment for a private placement amounting to P1.250 billion.

The private placement, equivalent to 125,000,000 common shares at P10.00 apiece, was done in support of an increase in the bank's authorized capital stock.

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