SAN Miguel Corp. (SMC) on Thursday said it raised around P13 billion from the issuance of more than 173 million preferred shares with a par value of P5 and an offer price of P75 apiece via private placement.
In a filing, SMC said the shares would be listed on the Philippine Stock Exchange (PSE) on August 29 and come from the reissued and initially planned private placement of 270 million Series "2" preferred shares.
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