GOKONGWEI-LED JG Summit Holdings Inc. (JGS) on Thursday said that it would be infusing P17.1 billion in fresh capital to wholly-owned subsidiary JG Summit Olefins Corp. (JGSOC) to pay off the latter's maturing loans.
The infusion will involve a subscription to more than 6.93 billion shares of JGSOC at P4.95 apiece, it told the stock exchange.
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