DITO raises funds via P3.3-B share sale

By Ed Paolo Salting

Oct 24, 2023 12:26 am

DITO CME Holdings Corp. announced on Monday that it has successfully raised fresh capital amounting to P3.3 billion following a share subscription agreement with the Philippine unit of Singapore-based Summit Telco Corp. Pte. Ltd., one of its existing shareholders.

In a disclosure, DITO CME said that its board of directors last Friday approved the issuance of 3.3 billion common shares out of its unissued authorized capital stock to Summit Telco Holdings Corp., a wholly owned unit of Summit Telco Corp.

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