DITO raises fresh funds via share sale

By Brix Lelis

Sep 08, 2023 12:25 am

LISTED holding and investment firm DITO CME Holdings (DITO CME) has raised P2.2 billion through the sale of shares by one of its units to a third party registered in the Cayman Islands.

In a disclosure on Thursday, DITO CME said that unit DITO Holdings Corp. (DITO Holdings) had issued 2.2 billion shares to Summit Global Ltd., an entity organized and existing under the laws of the Cayman Island, at a price of P1 per share.

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