Regulator approves San Miguel offering

By Brix Lelis

Oct 14, 2023 12:20 am

SAN Miguel Corp. (SMC) on Friday said that the Securities and Exchange Commission (SEC) had authorized a proposed shelf offering of up to P65 billion worth of preferred shares.

SMC submitted to the stock exchange a copy of the Certificate of Filing of the Enabling Resolution issued by the SEC for its proposed sale of about 866.67 million Series '2' preferred shares, priced at P75 apiece.

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