PXP Energy planning to hike stake in subsidiary

By Ed Paolo Salting

May 14, 2024 12:23 am

PANGILINAN-LED PXP Energy Corp. is planning to increase its stake in subsidiary Forum Energy Limited (FEL) via a share swap.

In a filing on Monday, the company said its board had approved the issuance of 430,243,903 common shares to Hong Kong firm Tidemark Holdings Limited in exchange for 24,125,383 FEL shares.

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