Monde Nissin sets equity restructuring

By Ed Paolo Salting

Apr 01, 2023 12:16 am

MONDE Nissin Corp. is set to implement an equity restructuring in order to 'zero out' a deficit incurred in 2022.

The firm's board of directors on Wednesday approved the offsetting against paid-in capital in excess of par value. As of Thursday, the amount of deficit to be eliminated was P7,153,900,753 based on parent audited financial statements.

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