THE Philippine Stock Exchange Inc. is reallocating P110 million out of the proceeds from a 2018 stock rights offering (SRO) to fund the acquisition of a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC).
"The Board of Directors approved the reallocation of the amount of P110 million from the proceeds of the stock rights offering last 22 March 2018 initially allocated for product development ...," the Exchange said in a disclosure on Thursday.
