ENERGY firm Raslag Corp. on Monday said that its board of directors had approved a private placement of up to P2 billion in preferred shares to raise funds for its projects.
In a disclosure to the Philippine Stock Exchange (PSE), Raslag said its board approved the issuance of up to 15 million preferred shares with a base size of up to P1.50 billion and an oversubscription option of up to P500 million.
