LISTED Prime Media Holdings Inc., owned by the family of House Speaker Martin Romualdez, said its board has approved a capital raising initiative to inject P531 million into its majority owned unit, Philippine Collective Media Corp. (PCMC), as part of plans to expand into the broadcast media industry.
In a disclosure, Prime Media said the fundraising would be done through private placements with two companies, Valiant Consolidated Resources Inc. and Cymac Holdings Corp.
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