A Brown share offer okayed by regulator

By Brix Lelis

Jan 25, 2024 12:21 am

THE Securities and Exchange Commission (SEC) has cleared A Brown Co. Inc.'s (A Brown) public offering and sale of up to P1.5 billion worth of non-voting preferred shares.

In a disclosure on Wednesday, A Brown said it had received the certificate of filing of enabling resolution, dated January 12 and issued by the SEC, in relation to its issuance of up to 15 million cumulative peso-denominated perpetual preferred shares.

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