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Alternergy planning to list preferred shares

RENEWABLE energy company Alternergy Holdings Corp. said on Wednesday that it would be applying with the Philippine Stock Exchange for a share listing to raise capital.

Alternergy's board of directors, in a special board meeting on Tuesday, approved the listing of 370.39 million 'perpetual preferred shares 1' and 100 million 'perpetual preferred shares 2-Series A' and the filing of a listing application.